The euro is holding above key technical support against the US dollar after performing a bullish breakout above the 1.1045 level last week. The EURUSD pair faces a pivotal trading week ahead and could challenge the 1.1120 level if bulls can force a breakout above the 1.1080 level. The overall medium-term upside objective of the EURUSD pair is found at the 1.1360 level.
• The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.0980 levels. • The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1080 and 1.1170 levels.