The euro has remained trapped in a limited trading range against the US dollar during the European trading session, although bears are still probing major intraday support. A break below the 1.1280 level exposes further downside towards the 1.1255 support region. The foreign exchange market is extremely quiet due to the observation of Independence Day in the United States.
The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels.
If the EURUSD pair trades below the 1.1280 level, key support is found at the 1.1255 and 1.1222 levels.
