EURUSD

The technical outlook for EURUSD is stabilizing around the 1.16811 pivot. If the price remains above the pivot, a retest of 1.17129 is possible, and if this level is surpassed, an expansion towards the resistance zone at 1.17408 and 1.17007 may occur. As long as the price stays below the mentioned upper band, any upward movements are likely to remain corrective in nature. In the event of a potential drop below the pivot, 1.16532 stands out as the first support; a pullback below this level could deepen towards 1.16214 and 1.15916. On the calendar side, while the Eurozone CPI is expected to align with forecasts, a strong US employment report later in the week could lead to a clear movement in favor of the Dollar and increased pressure towards lower supports; weak employment/wage data, on the other hand, could enable a retest of the upper resistances.