The euro has slipped back towards the key 1.1265 level against the US dollar after the pair briefly traded above the 1.1300 level following the ECB policy decision. The 1.1321 level is the key upside level to watch today, with the 1.1380 and 1.1410 key resistance above. The 1.1265 and 1.1230 levels are major intraday support following the EURUSD pairs rollercoaster ride lower on Thursday.
The EURUSD pair is only bearish while trading below the 1.1230 level, key technical support is found at the 1.1200 and 1.1165 levels.
If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1320 and 1.1380 levels.
