EUR/USD bulls attack crucial resistance around 1.1385, poking the highest level since mid-November, during the early Asian session on Monday. That said, the quote flashes 1.1375 level by the press time. In doing so, the major currency pair battles the 50-DMA and a horizontal area comprising multiple resistances since mid-November. Given the bullish MACD signals and the pair’s successful run-up beyond 21-DMA, EUR/USD buyers are likely to overcome the immediate hurdle. However, a downward sloping trend line from early September, around 1.1440 by the press time, will be critical to watch for the bulls afterward, a break ... (full story)