We have seen in recent months fundamental factors have dictated price action on majority of forex pairs. Some very important news event lined up for coming week, which could dictate price action on EURUSD. First we have ECB Interest Rate Decision and Press Conference on Thursday, followed by Non-Farm Payroll numbers coming out on Friday.

Last week price action on EURUSD suggest some buying interest at 1.0495 level. The most likely target for these buyers would be 1.0680 or even higher at 1.0829.

However, should the support at 1.0495 gets broken then most likely a retest of 1.0340 is on the cards.

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