It shows that EURUSD is looking for some bullish movement. The target of our last week forecast was 1.11 and market is going toward our target. Last week it tests the support level 1.08 and climbing high based on the level. We are still holding the target of 1.11, and upon the reaction on the level of 1.11 the target can be extended toward 1.12. But as the level of 1.08 has some significant so if the price break the level 1.08 and close below it the bullish scenario can be invalid.
Also there are some important news in this week on USD including FOMC statement that will indicate the strength on us dollar.