EurUsd: Seeking to get out of the current consolidation...

Last week, the EurUsd struggled to remain above its Major Resistance Area, which consists of the highlighted Zone. The parity is striving to find its trend line in blue. Volatility is decreasing as the bollinger bands are tightening up.

Breaching 1.1254 will send the EurUsd to 1.13095, with 1.12783 as a primary objective.

If the Parity fails to maintain a bullish momentum, it will go south towards 1.11707.

The daily Pivot Point is around 1.12248, The daily support levels are around 1.11312 and 1.10566. The daily resistance levels are around 1.12994 and 1.13930.