HomeContributorsTechnical AnalysisEURUSD Falls From 1.1351 Level

EURUSD Falls From 1.1351 Level

The euro currency has once again moved under the 1.1300 level against the US dollar, after being strongly rejected from the 1.1351 level during the European trading session. The intraday sentiment surrounding the EURUSD is bearish below the 1.1300 level with the pair remaining vulnerable to bearish Brexit headlines. It is also worth noting that the MACD indicator on the one-hour time frame has started to trend lower.

The EURUSD pair is only bullish while trading above the 1.1300 level, key resistance is now found at the 1.1351 and 1.1400 levels.

If the EURUSD pair trades below the 1.1300 level, key intraday support is found at the 1.1270 and 1.1216 levels.

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