The euro currency is losing ground against the greenback on Friday, following a strong technical reversal in the US dollar index. The EURUSD pair has a bearish intraday bias while trading below the 1.1360 level, whilst the 1.1400 level is former key support now turned resistance. Sellers will likely target the 1.1290 level if price continues to trade beneath the 1.1360 level.
The EURUSD pair is only bullish while trading above the 1.1360 level, key technical resistance is found at the 1.1400 and 1.1450 levels.
If the EURUSD pair trades below the 1.1360, sellers may test back towards the 1.1290 and 1.1260 support levels.
