EURUSD FURTHER BULLISH ABOVE 1.2334 LEVEL
The euro continues to trade in a tight range against the U.S dollar, with price-action still largely struggling to find a strong directional bias. The EURUSD pair currently trades around the 1.2320 level, with European investors still digesting Friday’s solid U.S job report and the potential implications of U.S Trade Tariffs. The macroeconomic calendar remains quiet on Monday, EURUSD buyers will look for gains above the 1.2334 level, whilst sellers await a sustained breach of the 1.2305 support level.
- The EURUSD pair is likely to see further gains above the 1.2334 level, intraday upside targets remain 1.2358 and 1.2400.
- Should the EURUSD pair move below the 1.2305 level for a sustained period, sellers will likely target the 1.2278 level, with further intraday support found below, at 1.2239.