The euro is testing towards the 1.1200 level against the US dollar after bulls once again failed to break above the pairs former weekly trading high. The overall sentiment towards the EURUSD pair is intraday bearish while trading below the 1.1216 level. Buyers need to stabilize the EURUSD pair above the 1.1230 resistance level to encourage the next wave of strong buying interest.
The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1230 and 1.1264 levels.
If the EURUSD pair moves below the 1.1216 level, key technical support is found at the 1.1190 and 1.1164 levels.