The currency pair went upwards last week and almost have tested the resistance at 1,1068. EUR/USD stays below this level in the moment of writing.

There were few important releases last week. German ZEW Economic Sentiment index was better than expected and reached -2,1 against -22,8 previous reading.

US CPI reached 0,4% as compared to the previous reading, which was 0%. Retail sales index was mixed.

The currency pair stays close to the resistance area. It is recommended to wait for some distinguish signals here before taking any decision.