EUR/USD breached 1.1509 to 1.1507 last week but quickly recovered. Initial bias stays neutral this week as consolidation from 1.1509 is extending. Upside of recovery should be limited by 1.1851 resistance to bring fall resumption. On the downside, break of 1.1507/9 will resume the whole fall from 1.2555 through 50% retracement of 1.0339 to 1.2555 […]

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Original source: https://www.actionforex.com/technical-outlook/eurusd-outlook/106767-eur-usd-weekly-outlook-73/

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