The euro has opened the new trading week with a strong bid tone against the US dollar, with price testing key breakout resistance. A sustained break above the well-defined triangle pattern should support further upside in the EURUSD pair towards the 1.1470 level. Only a move below the 1.1400 support level can negate the bullish intraday sentiment surrounding the EURUSD.
The EURUSD pair is strongly bullish while trading above the 1.1430 level, key technical resistance is found at the 1.1470 and 1.1500 levels.
If the EURUSD pair moves below the 1.1400 level, buyers may test the 1.1377 and 1.1350 support levels.
