Ella 
The EUR/USD rose slightly during Monday’s Asian session. The pair’s rebound was mainly supported by a weaker US dollar. The EUR/USD is currently trading at 1.0522, up 0.22% for the day.
Near-term resistance for the EUR/USD is at the 50-hour EMA at 1.0558. Additional upward resistance is seen near the 100-hour EMA at 1.0578. Any follow-through buying above the latter would take EUR/USD towards key resistance at 1.0600, a psychological round number and the 6th of October high. Further north, the major pair will challenge the next hurdle at 1.0640 (October 12 high), followed by 1.0655 (Bollinger Band border).
On the other hand, the lower border of the Bollinger Bands at 1.0477 serves as initial support for the EUR/USD. The next support level is near the October 4th low at 1.0450. The next downside stop is at 1.0400-1.0405, which is a psychological level and the 17th of October high. A decisive break below the latter would take the pair down to 1.0330 (the November 16 low).
