EUR USD is trading below Friday’s high of 1.4518. Intraday bias remains on the upside, as long as the 1.4290 minor support line is not broken. On the downside, the currency pair is coming very close to breaking the 1.4290 minor support line and if broken; it will indicate a change of sentiment to the bearish side and target the 1.4150 major support line.

EUR USD has hit the 1.4518 high yesterday and now is trading below the range. Intraday bias remains on the upside, as long as the 1.4290 minor support line is not broken. On the downside, if the 1.4290 minor support line is broken it will reverse the bullish sentiment to bearish bias and target the 1.4150 major support line.

EUR USD breaks above the 1.4280 major resistance line and reached the 1.4315 high so far. Intraday bias remains on the upside, as long as the 1.4020 minor support line is not broken. On the upside, since the 1.4280 major resistance line has been broken it indicates that bullish sentiment is strong and will target the 1.4577 major resistance line next.

This week, we will focus our attention on the EUR USD and what to expect next for the currency pair. The currency pair this week started on a downtrend channel along the GBP USD and reached the 1.4020 low. The EUR USD has so far recovered to the 1.4243 high and has been impressive overcoming the positive U.S NFP and Unemployment numbers.