The euro is trading close to the 1.1300 level against the US dollar after finding strong technical resistance from the 1.1325 level last Friday. The bullish inverted head and shoulders on the lower time frames has reached its upside target, with the 1.1360 level now major weekly resistance. Looking at the downside, if sellers move price below the 1.1250 support level the intraday sentiment towards the EURUSD pair will turn bearish.
The EURUSD pair is strongly bullish while trading above the 1.1290 level, key technical resistance is found at the 1.1325 and 1.1360 levels.
If the EURUSD pair trades below 1.1290 level, key intraday support is found at the 1.1250 and 1.1216 support levels.
