The euro has continued to slip lower against the US dollar during the European trading session, with bulls repeatedly struggling to break the key 1.1337 resistance level. EURUSD sellers must now break before the current weekly trading low to sustain bearish intraday pressure. The MACD indicator on the four-hour time frame continues to signal further downside ahead.
The EURUSD pair is bearish while trading below the 1.1337 level, key support is found at the 1.1300 and 1.1275 levels.
If the EURUSD pair trades above the 1.1337 level, key technical resistance is found at the 1.1370 and 1.1390 levels.
