FXstreet.com (Barcelona) - The EUR/USD has been testing the 1.4360 resistance level during today's European session after having recovered from a drop to 1.4305 earlier in the Asian session.
The 1.4360 level provided resistance during yesterday's trading as well as on multiple occasions this fall (Sept. 7, Aug. 31, Aug. 21).
According to Tomas Cedavicius of Investija.com, the EUR/USD bulls strength is not strong enough in order to break resistance level, at the moment low trading range is formed between support and resistance levels.
Further bouncing is expected, Cedavicius said. Waiting action is better option with selling possibilities.
Support is found at 1.4246 with resistance at 1.4396.