EURUSD Technical Indicators Turning Lower

My FX Forum

Staff member
The euro currency has remained under pressure against the US dollar during the European trading session, with the EURUSD pair struggling below the 1.1431 resistance level. The MACD and Momentum indicators on the four-hour time frame are now starting to turning lower. The next directional move in the EURUSD pair will likely come after the release of the FOMC interest rate decision.

The EURUSD pair remains intraday bearish while trading below the 1.1431 level, key support is found at the 1.1387 and 1.1352 levels.

If the EURUSD pair moves above the 1.1431 level, key resistance is found at the 1.1500 and 1.1552 resistance levels.

- advertisement -