The euro has slipped back from the 1.1400 level against the US dollar following Federal Reserve Chair Jerome Powells speech on Tuesday. The EURUSD pair can weaken towards the 1.1260 level if sellers start to hold price below the important 1.1360 level. Bulls need to move price past the 1.1400 level to encourage technical buying towards at least the 1.1440 resistance level.
If the EURUSD pair trades above the 1.1360 level, key technical resistance is found at the 1.1440 and 1.1500 levels.
The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1321 and 1.1260 levels.
