During Friday, the EUR/USD currency pair skyrocketed to the psychological level at 1.1150. During today’s morning, the pair was trading at the 1.1130 level.
From the one hand, the exchange rate could trade downwards within the following trading session. However, note, that the rate has to surpass the resistance cluster formed by the weekly PP and S1, as well the 55- 100– and 200-hour SMAs in the 1.1080/1.1117 range.
On the other hand, the Euro could appreciate against the US Dollar in the nearest future. In this case, the pair could reach the resistance level formed by the monthly PP located at the 1.1169.