EUR/USD The euro/dollar currency pair finished last week's trading with growth and new highs. In particular, in the last wave of growth that the bulls initiated on May 12 of this year from the level of 1.1065, on Friday the price of EUR/USD rose to the level of 1.1370, barely missing the resistance level I previously mentioned - 1.1380 at the highs of the pair from the beginning of May of this year. I think that on Monday the pair may finally touch this level with a test, but after that, the EUR/USD pair should decrease within a corrective movement and relieve overbought conditions of this currency pair, as already indicated by the four-hour stochastic. At the same time, I assume that quotes will fall to the support at 1.1315, where they will test the median of the Bollinger Bands indicator for the four-hour chart, and this level itself roughly corresponds to the conditional lower boundary of the ascending four-hour corridor. Therefore, I believe that the price will bounce back from there and move towards the resistance at 1.1420 at the highs of the pair from April 28-29 of this year.
