The euro currency faces an extremely important week against the US dollar, as the pair staged a breakout rally towards the 1.1400 level. Technical analysis shows that a bearish correction towards the 1.1020 level in the EURUSD pair may take place if the 1.1150 level is broken. Gains above the 1.1240 resistance level could see the EURUSD pair testing towards the 1.1500 level this week.
The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1400 and 1.1500 levels.
The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1100 and 1.1020 levels.
