The euro currency is holding above the 1.1800 level against the US dollar, placing the emphasis on a key breakout level from the previous trading month. EURUSD bulls may test towards the 1.1840 resistance level, and attempt to cement the daily candle above this key level. Traders failed to close the weekly candle above the 1.1840 level last week, so the EURUSD pair could test towards the 1.1770 level at some point this week.
The EURUSD pair is only bearish while trading below the 1.1750 level, key support is found at the 1.1730 and 1.1690 levels.
The EURUSD pair is only bullish while trading above the 1.1750 level, key resistance is found at the 1.1800 and 1.1840 levels.
