EURUSD Analysis: Will trade at 1.1540
|EURUSD
The European Single Currency appreciated 0.18% against the US Dollar since Friday's session. During Friday 's session, the currency pair depreciated to pass the 55-hour SMA to stop the trade at the 1.1550 mark. During Monday morning hours, the rate retraced to trade at the 1.1560 mark.
In regards to the near-term future, most likely, the European Single Currency will trade sideways near the weekly PP at the 1.1535 mark to stay at the 1.1540 level during the day.
However, the European Single Currency might move the rate to go any directions due to US fundamental data sets during the trading session.
Interested in EURUSD technicals? Check out the key levels
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