The euro as started the new trading week with a renewed bid-tone against the US dollar, with the pair trading close to the best levels of the month so far. If bulls can keep price above the 1.1325 level the next key intraday resistance level is found at the 1.1360 level. If the EURUSD pair falls below the 1.1325 level, sellers may force a technical test of major weekly support, at 1.1290.
The EURUSD pair is strongly bullish while trading above the 1.1360 level, key technical resistance is found at the 1.1410 and 1.1425 levels.
If the EURUSD pair moves under the 1.1325 level, sellers may test towards the 1.1290 and 1.1260 levels.