© Reuters. EUR/USD is progressing even further due to the decline in the Dollar
The EUR/USD pair has shown a clear rise on Monday, managing to score a new high of 1.1443 at the end of the afternoon, the highest since January 15.
Recall that this morning, the pair had explored the decline in testing the psychological support of 1.14 before a low 1.1390, but buyers have quickly returned to the hand.
The Dollar has been highly contested today, as you can also see on the DOllar Index and the USD/JPY pair, the investors being cautious at the beginning of a week that promises to be particularly dense in events US to monitor.
From a technical point of view, the bullish trend of the EUR/USD is further confirmed.
However, beyond an intermediate resistance at 1.1450, there are two other thresholds are much more important, with the moving average 100 days to 1.1475, the psychological threshold key of 1.15.
In the immediate future, the upside potential extra seems so limited on the Euro-Dollar.
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