The euro has recovered upside momentum against US dollar, with buyers pushing the pair back towards the 1.1800 resistance level in early Monday trading. On Friday, the EURUSD pair fell towards the 1.1726 level, as risk-off sentiment spread through broader financial markets after poor German economic data. Traders are likely to remain increasingly cautious ahead of Tuesday’s meeting between US President Trump and North Korean leader, Kim Jong-Un on Tuesday.
The EURUSD pair is intraday bullish while trading above the 1.1750 level. Key resistance is located at the 1.1800 and 1.1839 levels.
If the EURUSD pair moves below the 1.1750 level, sellers will likely push price towards the 1.1726 and 1.1700 support level.
