The EUR/USD pair is trading flat around 1.1360 during Monday’s Asian session, with the US Dollar finding stability as traders remain uncertain over the status of US-China trade talks. Despite US President Donald Trump’s statements suggesting progress and his communication with Chinese President Xi Jinping, Beijing has denied that any trade negotiations are currently taking place. Furthermore, US Treasury Secretary Scott Bessent did not confirm on Sunday that tariff discussions are ongoing.
From a technical perspective, the EUR/USD pair maintains a constructive outlook, supported above the critical 100-day Exponential Moving Average (EMA) on the daily chart. The bullish sentiment is further bolstered by the Relative Strength Index (RSI), which is above the midline at 61.80, signaling continued upward momentum in the near term.
On the upside, the next key resistance level for EUR/USD is the psychological 1.1400 mark. A sustained rally beyond this level could target the April 22 high of 1.1547, with the upper boundary of the Bollinger Band at 1.1647 acting as a further resistance point.
On the downside, initial support for the pair is seen at 1.1315, the low recorded on April 24. A sustained move below this level could trigger a deeper pullback toward the key psychological support at 1.1000, followed by the April 8 low of 1.0888.
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