It shows that EURUSD is in bullish bias. It has broken the upper boundary of a range at 1.1300, last week it has also broken a high at 1.1460 but can’t sustain and move back to below the high. As the main bias is still bullish it is expected that the price may go more bullish but a small bearish retracement can occur before going further bullish. And the retracement area can be 1.2500-1.1300 as it’s a significant area where the price can retest before going further bullish. The target of the bullish movement can be 1.1450 followed by 1.1520.

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