The euro has moved back towards the 1.1400 level against the US dollar after the pair found strong support from just above the 1.1360 level during the European trading session. Continued failure to move price under the 1.1360 level may eventually lead to a technical rebound towards the important 1.1460 level. Overall, the short-term trend still remains bearish while price continues to trade below the 1.1460 level.
The EURUSD pair is intraday bearish while trading below the 1.1400 level, key technical support remains at the 1.1360 and 1.1300 levels.
Should the EURUSD pair start to advance above the 1.1400 level, the price may correct back towards the 1.1430 and 1.1460 resistance levels.
