EURUSD SUBDUED AHEAD OF ECB MINUTES
The EURUSD pair remains subdued, and trading towards the lower end of the recent 1.1312 to 1.1380 trading range, ahead of the release of the ECB minutes from the recent June policy meeting.
Recent price rejection from the 1.1355 area following the release of the FOMC minutes, has set a bearish trading tone around the EURUSD, with the pair now facing a fifth straight day of trading losses.
In the short term the EURUSD pair remains bearish whilst trading below the 1.1360 level. The daily calculated pivot point is located at 1.1353, just above the calculated weekly pivot point at 1.1347.
To the downside, EURUSD support is found at the former daily low at 1.1312, further support is located at the descending monthly trendline at 1.1301. The recent June 28th swing price low acts as critical intraday support at 1.1290.