Last week price got strongly rejected from the main resistance. Terrible PMI data was one more factor for EUR currency to drop . Besides, the UK received a short unsatisfying extension to Article 50. As you see all fundamentals are still for EUR/USD and there is no reason for changes in . As EU currency is weaker and has more pressure than US dollar .
confirmed our middle term target 1.11200 and I can even see an extension to 1.10500. As fall was sharp we may see a test of 1.12600 – 1.12700 on Monday. But anyway, we have to wait for a pullback to open new sells. So, watch 1.13600 – 1.13700 for targets 1.11500 and 1.11100.
Have a profitable week!