We've seen the price being tested against the top resistance level for a couple of times now, every time following quite a sell-off. This week, I can see 2 things happening;
- EURUSD gets in the range between 1.116 and 1.10, awaiting what Draghi has to say in the ECB meeting on Thursday
- The bearish trend will continue, possibly after first moving up to a medium term resistance level.