EURUSD 200-day still a struggle
The euro is holding onto most of Friday’s impressive gains against the US dollar in early week trade after the pair performed another impressive technical break. The EURUSD is struggling to surpass its 200-day, with the pair failing to close the daily candle above this key technical area. Corrective moves back towards the 1.1260 level still remain possible if bulls continue to struggle with the 1.1360 to 1.1370 technical zone.
The EURUSD pair is only bearish while trading below the 1.1300 level, key technical support is found at the 1.1260 and 1.1230 levels.
If the EURUSD pair trades above the 1.1300 level, buyers may test the 1.1360 and 1.1410 levels.