The EUR/USD pair has again tested the technical resistance located at the level of 1.1269. The local high was made at the level of 1.1285, but the price has made another Pin Bar candlestick formation is it looks like the bears want it to get back into the channel zone.

The EUR/USD pair has bounced from the level of 1.1193 and tested the first technical resistance located at the level of 1.1269. The local high was made at the level of 1.1285, but the bulls are not trying enough to continue the rally.

EURUSD: downwards correction still going

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On Thursday the 11th of July, trading on the euro closed slightly up. The EURUSD pair rose to 1.1280 in the Asian session. Trading on the dollar was mixed against the majors. It recovered its losses during the US session, where we saw a rise in consumer inflation.

The European Central Bank (ECB) reiterated its stance on Bitcoin, refusing to recognize it as the currency in the question and answer session.