FX.co ★ EUR/USD

The euro/dollar pair ended the previous trading week with a confident rise, while the current week started with a surprising southern gap on Monday. However, during the day, this price gap was not only filled but we also entered the positive zone. At the moment, we are trading around 1.1765, and it seems like the growth towards the upper boundary of the sideways range at 1.19 will continue, possibly with some minor pullbacks. The nearest local resistance is located around 1.18, so we might see a slight retracement from here, but overall, the path to 1.19 seems clear for us.