EURUSD approaching support
The euro currency is starting to correct lower against the US dollar during the European trading session after the pair found resistance from the 1.1340 area yesterday. EURUSD dip-buyers may look to enter back into prevailing bullish trend from either the 1.1270 or 1.1240 support areas. Failure to move the price back above the 1.1300 level is likely to result in further intraday EURUSD weakness.
The EURUSD pair is only bullish while trading above the 1.1270 level, key resistance is found at the 1.1300 and 1.1340 levels.
The EURUSD pair is only bearish while trading below the 1.1270 level, key support is found at the 1.1250 and 1.1230 levels