The euro currency has held above major support against the greenback during the European trading session as the US dollar has so far failed to build on Monday’s strong gains. EURUSD bulls need to stabilize the pair back above the 1.1321 level to help improve intraday sentiment. The upcoming announcement of the next ECB President may also have some impact on the EURUSD pair.
The EURUSD pair is only bullish while trading above the 1.1321 level, key technical resistance is found at the 1.1355 and 1.1400 levels.
If the EURUSD pair trades below the 1.1321 level, key support is found at the 1.1280 and 1.1255 levels.
