EURUSD false breakout
The euro has moved to the downside against the US dollar, following a false breakout above the triangle pattern on the four-hour time frame. The EURUSD pair is weak while trading under the 1.1355 level, with major weekly support now at the 1.1290 level. Despite the recent weakness in the pair, bulls still remain in control while price trade above the important 1.1310 level.
The EURUSD pair is only bullish while trading above the 1.1355 level, key technical resistance is found at the 1.1400 and 1.1440 levels.
If the EURUSD pair trades below the 1.1355 level, key support is found at the 1.1310 and 1.1290 levels.