EURUSD 1.1270 holds

The euro currency is starting to move lower against the US dollar, following a strong technical rejection from just below the 1.1270 resistance level this morning. Despite the rejection, the EURUSD pair still holds a positive trading bias while the price holds above the 1.1240 area. A sustained loss of the 1.1240 support level could see the EURUSD pair falling back toward the 1.1200 support level.

• The EURUSD pair is only bullish while trading above the 1.1230 level, key resistance is found at the 1.1250 and 1.1270 levels. 

• The EURUSD pair is only bearish while trading below the 1.1230 level, key support is found at the 1.1190 and 1.1150 levels.