The currency pair managed to develop its growth last week after the testing of 1.1285. EUR/USD ended up below that level.

The reason for USD surge was the information about the growth of coronavirus cases in some US states. This news had negative impact of the stock market as well.

Even so, EUR/USD had some support from the information coming from the European Union. European countries are gradually abolishing the restrictions, opening borders and resuming flights.

Will we see this negative tendency to resume this week? We expect the currency pair to test 1.1285 for some time. If it fails to break out this level again, EUR/USD will target 1.1068.