The euro is undergoing a bearish reversal against the greenback, with the pair slipping below the 1.1300 level during the European trading session. If the EURUSD pair continues to trade below the 1.1300 level, sellers may force price back towards the 1.1260 support level. Bulls need to move price back above the 1.1321 level to encourage fresh intraday buying interest.
The EURUSD pair is only bearish while trading below the 1.1300 level, key technical support is found at the 1.1260 and 1.1230 levels.
If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1321 and 1.1360 levels.
