The euro has moved sharply lower against the US dollar during the European trading session after the German economy posted its weakest growth rate in five years. The EURUSD pair has finally broken its previously established trading range from the 1.1460 to 1.1490 levels and tumbled towards the 1.1430 support zone. The 1.1410 and 1.1360 support levels are the key downside areas to watch if the EURUSD pair continues to decline.
The EURUSD pair is intraday bearish while trading below the 1.1460 level, key technical support is found at the 1.1410 and 1.1360 levels.
If the EURUSD pair recovers above the 1.1460 level, buyers may test towards the 1.1390 and 1.1530 resistance levels.
