The euro currency is starting to recover above the 1.1500 resistance level against the US dollar, following the earlier heavy technical sell-off. The EURUSD pair retains a bearish intraday bias while trading below the 1.1553 level and is still at risk of further losses towards the 1.1445 level. Short-term technical indicators are now attempting to correct from extremely oversold conditions.
The EURUSD pair is intraday bearish while trading below the 1.1553 level, key support is now found at the 1.1480 and 1.1445 levels.
If the EURUSD pair trades above the 1.1500 level, key intraday resistance is found at the 1.1553 and 1.1600 levels.
