The currency pair tested 1.1802 resistance area last week but failed to break it out due to better than expected US labor market data. The number of non-farm payrolls reached 1763K for the reported period against 1530K, expected by the economists.

There are plenty of data releases from the US this week including inflation and retail sales. We expect EUR/USD to test 1.1802 again. If the currency pair breaks this level out, the way to 1.1950 will be open.