At the end of Friday’s session, bulls managed to pull prices up above the 38.2 Fibonacci level that was an important level in the previous week. That could have been a positive sign, and buyers followed it at the beginning of the new week when they opened with a nice bullish gap. The Gap was quickly covered and the low levels were used by bulls to buy more, according to the short-term trend (black line). This line will be the closest support and the next one is the 38.2 Fibonacci level. The most important short-term support is 1.2990 (green area), the minimum for Thursday and Friday. Breaking those lows could start a mid-term downswing.
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The closest resistance is the 23.6 Fibonacci level and at the same time the top from Thursday. Breaking can start a minor upswing aiming for the highs of the mid-term bullish correction at 1.32.