EURUSD 1.1400 breakout zone
The euro continues to trade just above the 1.1400 level against the US dollar, with the pair still remaining well bid into early Tuesday trade. The 1.1400 level remains the gateway to the 1.1440 level, with topside resistance for the EURUSD found at the 1.1500 level. Sellers need to hold price below the 1.1360 level to negate the current bullish daily bias towards the EURUSD pair.
If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels.
The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1347 and 1.1321 levels.