The dollar was up on Monday morning in Asia, with negotiations over the latest stimulus measures in the U.S. floundering and the yuan seeing a drop after the Chinese central bank announced measures to curb the currency’s strength earlier in the day.

Technically, the EURUSD market is bullish and Friday’s push higher suggests an initial upturn from the past week of congestion. A close over 1.1870 should motivate a run beyond 1.1930. Any corrective dips should hold within Friday’s range to keep bull forces intact. However, a close under 1.1745 (SAR) is needed to trigger a flip back to lower levels.

R2          1.1868
R1          1.1847

S1          1.1801
S2          1.1780