The euro currency has turned technically bullish against the US dollar after closing the week above its key 200-day moving average. EURUSD bulls could target the 1.1350 resistance level if they continue to gain traction above the 1.1100 level. Any technical corrections in the EURUSD pair this week are expected to find strong buying interest from below the 1.1000 support level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1240 and 1.1300 levels.
The EURUSD pair is bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0900 levels.
