EURUSD BUYING EXPECTED ABOVE 1.1800 LEVEL
The euro has moved sharply higher against the greenback during the European trading session, hitting 1.1829, as the US dollar index comes under early week selling pressure. The EURUSD pair currently trades around the 1.1810 level, with bullish momentum growing while price trades above the key 1.1800 level. Traders continue to look to the US dollar index for guidance, with 1.1900 the next key upside level to watch above the 1.1800 handle.
The EURUSD pair is intraday bullish while trading above the 1.1800 level, buyers may now test towards the 1.1838 and 1.1900 resistance level.
If the EURUSD pair moves back below the 1.1800 level, sellers will be encouraged to test back towards the 1.1750 level once again.