Contributors Technical Analysis EURUSD Trendline Resistance Holding

EURUSD Trendline Resistance Holding

The euro currency is holding firm against the US dollar in early Tuesday, with the pair still well supported by strong dip-buying demand. The EURUSD pair has found strong resistance from the 1.1360 level, with bulls now needing to break above key trendline resistance on the four-hour time frame. If the 1.1360 level is broken, the EURUSD pair will likely advance towards the 1.1400 level.

The EURUSD pair is strongly bullish while trading above the 1.1360 level, key technical resistance is found at the 1.1410 and 1.1450 levels.

If the EURUSD pair moves under the 1.1325 level, sellers may test towards the 1.1290 and 1.1260 levels.

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