The euro currency has moved back towards the 1.1400 level against the greenback on Tuesday, as the US Dollar Index pulls back from the best levels of 2018. The EURUSD pair may correct higher on an intraday basis if price holds above the 1.1410 level. The MACD indicator on the four-hour time frame is also turning higher, suggesting that a corrective move may be about to occur.

The EURUSD pair is intraday bearish while trading below the 1.1410 level, key support is found at the 1.1360 and 1.1301 levels.

If the EURUSD pair moves above the 1.1410 level key resistance is found at the 1.1460 and 1.1507 levels.

- advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.