The euro currency has opened the new trading week with positive short and medium-term bias against the US dollar due to ongoing weakness in the greenback. The EURUSD pair needs to hold above the 1.1190 level to continue to attract dip-buyers this week. Looking at the upside potential for the EURUSD, the 1.1370 level is seen as a possible upside target of the 1.1300 resistance level is broken.
The EURUSD pair is only bearish while trading below the 1.1230 level, key support is found at the 1.1190 and 1.1150 levels.
The EURUSD pair is only bullish while trading above the 1.1230 level, key resistance is found at the 1.1300 and 1.1370 levels
