The euro is under increasing downside pressure against the US dollar on Wednesday, as the greenback comes back into favour with investors. The EURUSD pair has broken below the 1.1410 level, with the 1.1360 level now the most important technical region to watch below the 1.1400 level. Indicators on the four-hour time frame continue to turn lower signalling further losses ahead.
The EURUSD pair is intraday bearish while trading below the 1.1410 level, key technical support is found at the 1.1390 and 1.1360 levels.
If the EURUSD pair trades above the 1.1410 level, buyers may test towards the 1.1430 and 1.1460 resistance levels.
