The euro currency is starting to settle above the 1.1300 level against the US dollar, with the pair failing to make new daily higher highs. With the ECB policy meeting looming this week the EURUSD pair could correction lower before its next major push higher. A correction back towards the 1.1100 technical area could present an excellent buying opportunity for EURUSD bulls.
The EURUSD pair is only bullish while trading above the 1.1350 level, key resistance is found at the 1.1500 and 1.1600 levels.
The EURUSD pair is bearish while trading below the 1.1350 level, key support is found at the 1.1260 and 1.1100 levels.
