EURUSD STILL STRUGGLING WITH 1.1480 LEVEL
The euro continues to struggle to build upside momentum against the US dollar, with the 1.1480 resistance level remaining a technical barrier for buyers. The EURUSD pair is now forming smaller and larger head and shoulders patterns across the lower time frames. Intraday EURUSD traders still await a sustained directional breakout from the 1.1431 to 1.1480 price range.
The EURUSD pair remains intraday bearish while trading below the 1.1480 level, key technical support is found at the 1.1431 and 1.1380 levels.
If the EURUSD pair trades above the 1.1480 level, key intraday resistance is found at the 1.1500 and 1.1550 levels.