EURUSD MOVING CLOSER TO 200 WEEK MA

After Friday's bullish weekly price close above the key 1.1713 level, the EURUSD pair continues to push higher, trading closer to the 200-week moving average, which is next major upside barrier for the pair to surpass.

During the European session, we see the release of Eurozone inflation data for the month of July, which the European Central Bank watches carefully, and also the official EU unemployment rate.

The EURUSD pair remains strongly bullish on all-time frames and may start to trade above the 1.1800 region this week, should price close above the 200-week moving average, found at the 1.1793 level.

Key intraday support is found at the daily pivot point, at 1.1731, and the key 1.1713 level, which also coincides with the calculated EURUSD weekly pivot point.

To the upside, the currently yearly EURUSD price high is found at the 1.1776 level, above this level the 1.1793,1.1800 and 1.1813 levels offer strong technical resistance.