EURUSD holds support
The euro has made minor gains against the US dollar during the European trading session as bulls hold the pair above key intraday support. Bulls now need to move price above the resistance confluence on the four-hour time frame, around the 1.1255 level. The MACD indicator on the four-hour time is still turning down and has yet to issue a clear short-term buy signal for the EURUSD pair.
The EURUSD pair is only bullish while trading above the 1.1255 level, key technical resistance is found at the 1.1280 and 1.1310 levels.
If the EURUSD pair trades below the 1.1220 level, key support is found at the 1.1205 and 1.1170 levels.