EURUSD 1.1200 in focus
The euro currency is testing towards the 1.1200 level against the US dolllar, following a bullish weekly price close above the pairs 200-day moving average. A breakout above the 1.1200 level exposes a potential test of the 1.1300 resistance level this week. Failure to surpass the important 1.1200 resistance level could push the EURUSD pair back towards the 1.1100 support level.
The EURUSD pair is only bullish while trading above the 1.1150 level, key resistance is found at the 1.1200 and 1.1260 levels.
The EURUSD pair is only bearish while trading below the 1.1150 level, key support is found at the 1.1130 and 1.1110 levels.