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It shows that EURUSD is in a range bounded according to the weekly time frame. It is now in the top of the range. It tested the upper boundary of the range and rejected hugely from the resistance 1.1465. Now the more bearish movement is expected to target 1.1210 followed by 1.1070. The area of 1.1210 and 1.1070 offer short term support and upon the reaction of those level, further movement can be decided.

There are some important fundamental in this week including FOMC statement and ECB president speaks in this week, those issues will also indicate the further strengthening of the pair.

eursud forex signal