The euro is trading lower against the US dollar currency on Friday, as the greenback receives strong buying interest across the board. The EURUSD pair was strongly rejected from the 1.1420 level on Thursday and holds an intraday bearish bias while trading below the 1.1380 level. The 1.1340 level offers the strongest form of near-term technical support if the decline continues.
The EURUSD pair is intraday bearish while trading below the 1.1380 level, key support is found at the 1.1340 and 1.1300 levels.
If the EURUSD pair trades above the 1.1380 level, key technical resistance is found at the 1.1420 and 1.1460 levels.
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