The euro currency is testing the 1.1300 level against the US dollar as positive trading sentiment spreads through the global financial market. If the EURUSD pair can hold above the 1.1300 level, then further gains towards the 1.1370 level seem likely this week. EURUSD dip-buyers may look to enter back into the short-term bullish trend on any pullbacks towards the 1.1270 technical area.
The EURUSD pair is only bearish while trading below the 1.1250 level, key support is found at the 1.1230 and 1.1190 levels.
The EURUSD pair is only bullish while trading above the 1.1250 level, key resistance is found at the 1.1300 and 1.1370 levels