EURUSD FURTHER GAINS EXPECTED ABOVE 1.1360 LEVEL

The euro has started the new trading week above the 1.1400 level against the greenback, amidst broad-based weakness in the US dollar index. If buyers can maintain price above the 1.1360 level, further bullish advancement towards the 1.1450 level is expected. Sellers will likely target the technically important 1.1300 support level if the 1.1360 level is clearly breached.

The EURUSD pair is intraday bullish while trading above the 1.1360 level, key resistance is now found at the 1.1450 and 1.1500 levels.

If the EURUSD pair trades below the 1.1360 level, key intraday support is found at the 1.1330 and 1.1300 levels.