- EUR/USD maintains its position around 1.1360 during Monday’s trading in Asia.
- The pair’s positive outlook is sustained above the crucial 100-day EMA, supported by the bullish RSI.
- Immediate resistance is observed at 1.1400, while the initial support level to monitor is 1.1315.
EUR/USD is trading without significant movement near 1.1360 in Monday’s Asian session. The US Dollar is stable as market participants weigh conflicting signals regarding trade relations between the US and China. While US President Donald Trump has indicated progress and communication with China’s President Xi Jinping, Beijing has refuted claims of ongoing trade negotiations, and US Treasury Secretary Scott Bessent did not confirm tariff discussions on Sunday.
From a technical perspective, the positive bias for EUR/USD is intact, with the pair finding solid support above the important 100-day Exponential Moving Average (EMA) on the daily chart. The bullish sentiment is further validated by the Relative Strength Index (RSI), which is positioned above the 50 level around 61.80, suggesting continued upward potential in the short term.
The initial target for upward movement in the pair is the psychological level of 1.1400. Further gains could lead to a rise toward 1.1547, the high recorded on April 22. An additional level to watch on the upside is 1.1647, representing the upper limit of the Bollinger Band.
