EURUSD major week ahead

The euro has opened the new trading week unchanged against the US dollar, with Brexit uncertainty having a limited impact on the pair. The EURUSD pair performed a major breakthrough above the 1.1100 level last week, putting the 1.1200 level in focus if buyers can keep price above the 1.1160 level. Overall, the EURUSD pair is unlikely to extend gains beyond the 1.1230 technical area until the ECB policy decision.

• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels.
• The EURUSD pair is bullish while trading above the 1.1110 level, key resistance is found at the 1.1170 and 1.1230 levels.