the pair overall still bearish trend
, As fundamental , The US Dollar
strengthened during the previous week on US tax reform and Friday’s non-farm payrolls data showed the economy created more jobs than expected in November.we have more strong fundamental data this week , as technically the pair keeps its stability below 1.1808 level, to keep the negative pressure valid for the upcoming period, EUR/USD
probing near big support surrounding 11700; as long as it holds then picture remains constructive,A drop below major support and focus will shift towards the November low or worse, currently the pair trading on 4hr support with double bottom
towards the retracement expected 50% or 61.8% (1.1815/ 40
) from the last high. we can see one more fall towards test 1.1700/1.1640.