EURUSD is still is in Range. Last week it was expected to break in a direction but it was not able to break. According to the weekly chart, the pair is still is in bearish bias until break the range is an upside. In this week we will observe the market to see a breakout of the range and if it can break the price level 1.0710 then we can see the continuation of the bearish movement to the target 1.0510. The scenario will be invalid if it breaks the upside of the range, this time price has a change it bias short term to bullish toward the target 1.1200 followed by 1.1300.
In this week have some important fundamental issues on both of euro and USD including ECB president speaks and NFP that will indicate further strength on those currencies.