The euro currency is once again trading on the backfoot against the US dollar after price was strongly rejected from the 1.1450 level. From a technical perspective, the intraday bias surrounding the EURUSD pair is bearish while price trades below the 1.1387 resistance level. Buyers will likely aim to move price above the 1.1431 level, while sellers will attempt to break the 1.1300 level.
The EURUSD pair is bearish while trading below the 1.1387 level, key support is found at the 1.1330 and 1.1300 levels.
If the EURUSD pair moves above the 1.1431 level, buyers are likely to test towards the 1.1450 and 1.1500 resistance levels.
