The euro currency is under slight downward pressure against the US dollar on Thursday after the pair was strongly rejected from key trendline resistance, at 1.1370. The EURUSD pair currently has a neutral intraday bias and will only turn bearish once trading below the 1.1337 level. Traders now await the release of key PMI Manufacturing and Services data for the eurozone economy.
If the EURUSD pair falls below the 1.1337 level, sellers may test towards the 1.1300 and 1.1280 support levels.
A breakout above the 1.1370 level may provoke technical buying towards the 1.1410 and 1.1450 resistance levels.
