The currency pair fluctuated in a range last week and tested 1.1879. EUR/USD stays above this level at press time.

FOMC meeting was the most important event last week. The FOMC members have decided to change nothing in monetary policy. As for the US Retail Sales data, it was worse than expected. 

We expect the currency pair to test 1.1879. If it breaks down this support, EUR/USD is going to develop its downtrend. Otherwise, we will see it growing.