The euro has started to move lower against the greenback during the European trading session, after being strongly rejected from the 1.2400 technical level. The EURUSD pair is currently testing the pivotal 1.2382 level, after finding strong selling from the 1.2413 level earlier. A firm close above the 1.2430 level is needed to cement the euro bull case going forwards, whilst the EURUSD has struggled to find buying long-term buying interest above the 1.2400 level, so far this year.
The EURUSD pair is intraday bullish while trading above the 1.2382 level, resistance is now found at the 1.2413 and 1.2430 levels.
Should the EURUSD pair start to trade below the 1.2382 level, seller may test the 1.2344 and 1.2300 levels.
