The euro currency has come under slight downside pressure against the US dollar during the European trading session after more weaker than expected data from the German economy. The EURUSD pair may start to weaken towards the 1.1216 support level if selling pressures start to increase below the 1.1230 area. Technical indicators on the four-hour time frame are starting to move lower as the EURUSD pair declines.
The EURUSD pair is bearish while trading below the 1.1250 level, key technical support remains at the 1.1216 and 1.1170 levels.
If the EURUSD pair trades above the 1.1250 level, buyers may test back towards the 1.1290 and 1.1330 resistance levels.
