EUR/USD returned to its old levels around 1.1650 - 1.1660 despite the rally. A possible breakout to the downside could lead it to a drop to 1.1600.

Should EUR/USD test the support trend line of the RSI indicator the daily time frame that would be a strong indication for a new move to the upside. This scenario would be invalidated if the pair breaks out below 1.1400, which could be a signal for a drop to 1.1000.

It occurred to me that the NFP will be this week again. Whatever EUR/USD does for the rest of the week, prior experience dictates that the true movements will probably happen on Friday.

I think I will wait for the NFP data before I trade the EUR/USD in any way. Those news always cause a lot of volatility.

The NFP caused a big drop, I think the pair will reach 1.1800 again. I am not sure whether this is the end of the rally though.

EUR/USD may retrace back to 1.1700 next week, but the overall long-term rally is likely not over yet.

Predictably EUR/USD is retracing after the big drop on Friday, but the pair will likely continue dropping once that correction ends, at least until it tests the support at 1.1700 once more time.

EUR/USD remains bearish today while testing the support at 1.1725. The possible breakout below that level could lead to a further drop to 1.1700 and below.

There is a major shooting star candlestick that has formed on the weekly time frame last week, but whether the move to the downside will begin before the market closes tomorrow is anyone's guess.

The pair is so undecided for the moment that unless the fundamentals give it a necessary push it may not exit the range before the market closes later today.