The euro currency has eroded its strong weekly gains against the US dollar after buyers failed to gain traction above the 1.1216 resistance level. If sellers move price under the 1.1164 support level the EURUSD pair will come under heavy technical selling. Bulls need to stabilize price above the 1.1190 level in order to turn the bearish intraday sentiment surrounding the EURUSD pair.
The EURUSD pair is intraday bearish while trading below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.
If the EURUSD pair moves above the 1.1190 level, key resistance is found at the 1.1216 and 1.1250 levels.
