EUR/USD Price Forecast: Key Resistance at 1.1450 as Bullish Momentum Continues

EUR/USD Price Forecast: Next Resistance Barrier at 1.1450

EUR/USD Holds Bullish Momentum Above 100-day EMA

The EUR/USD pair recovered some losses, climbing to about 1.1370 during Monday’s early European session, up approximately +0.25% on the day. The US Dollar weakened against the Euro due to renewed trade war tensions, fueling demand for the Euro.

Technical Outlook – EMA and RSI Signal Bullish Momentum

On the intraday chart, EUR/USD continues to trade above the critical 100-day Exponential Moving Average (EMA), supporting the bullish outlook. The 14-day Relative Strength Index (RSI) stands at 57.25, above the midpoint, signaling that the momentum favors further upward moves.

Key Resistance and Support Levels to Watch

The first significant resistance is near the Bollinger Band top at 1.1445. Above this, traders will watch for a challenge at 1.1574, the high from April 21, followed by the psychological level at 1.1600. On the downside, the immediate support is found at 1.1283.

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