It shows that EURUSD is in the range according to the weekly view. In lower time frame the price is moving higher from the bottom of the range with a strong bullish movement. Now the price is reaching the top of the range and there is a resistance from the area 1.1310-70. A price rejection is expected from the area and the price can go short term bearish with the target of 1.1140 followed by 1.1010.
There are some important fundamental issues in this week including ECB President speaks and FOMC Meeting Minutes and those issues will also show the further strength of those currencies in this week.
