The euro currency remains well supported against the US dollar in early Monday trade, following a dovish speech from Federal Reserve Chair Powell on Friday. The EURUSD is expected to advance higher on an intraday basis while the pair trades above the 1.1410 level. A daily price close above the pairs 100-day moving average is essential for further technical buying in the EURUSD.
The EURUSD pair is intraday bullish while trading above the 1.1410 level, key technical resistance is found at 1.1470 and 1.1500 levels.
If the EURUSD pair moves under the 1.1410 level, further losses towards the 1.1360 and 1.1330 levels remain possible.
