The euro is holding above key technical support against the US dollar after performing a bullish breakout above the 1.1045 level last week. The EURUSD pair faces a pivotal trading week ahead and could challenge towards the 1.1120 level if bulls can force a breakout above the 1.1080 level. The overall medium-term upside objective of the EURUSD pair is found at the 1.1360 level.
The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.0980 levels.
The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1080 and 1.1170 levels.
