I believe that the EU pair will be rising for the week. There was consolidation between the 1.10707 support and 1.11051 resistance points. The pair has since broken the 1.11051 resistance point which has now become support. A new found level of support has been confirmed by the EU pair tapping the 1.11356 point more than 3 times. I expect some retracement to the trend line but I ultimately believe that this trend is a bullish trend for the week.
Comment:
Here you can see the pair made its first level of rise for the week. This could also be forming an M just watch to see how the pair plays out over the next day.