EURUSD could not hold the 1.1600 Levels.
As we saw last week the EUR/USD pair was trading above the1.1600 levels with a daily try breaking the 1.6650 levels.
The currency starts the week with a slight downtrend touching the 1.5890. If the pair continues failing, we will see most probably a test touching the 1.1500 before the ECB President’s speech.
We recommend to sell and waiting to reach our target @ 1.1500.
Sell EUR/USD @ 1.1600 TP 1.1500 SL 1.1650