EUR/USD remains at 1.1920 levels. The upward movement was hit by stiff resistance at 1.20 on Thursday last week, triggering the current corrective low.

We could expect a bearish continuation down to the lows of 1.1830, and in case of a breakout, down to 1.16 levels.

Another possible scenario would be a successful break of the 1.1960 ceiling (red line) and take the price to 1.2040 (blue line).

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