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EURUSD is headed towards resistance

The EUR/USD is headed towards a test of the next resistance and psychological level of 1.1800.

If the bulls keep the momentum going and start the week with a confirmed breach of 1.1800, then we might see a test of 1.1830 and even one of 1.1890.

In the negative direction, the previously mentioned level of 1.1770 is now acting as a support.

This week, investors' attention will be focused on the data on the non-farm payrolls change for the U.S. (Friday; 12:30 GMT), consumer price index for the euro area (Tuesday; 09:00 GMT), and on the data on the ADP non-farm employment change for the U.S. (Wednesday; 12:15 GMT).


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