The currency pair attempted to grow last week but failed to hold above 1.2144 despite the Flag pattern. EUR/USD stays below this level currently.

As for the important events, ECB administration decided to extend the stimulus program and to prolong it up to 2022. 

The Fed meeting will take place this week. There will be also a bunch of important Eurozone’s PMIs that may have a significant impact on price fluctuations. We expect EUR/USD to retest 1.2144 and to move higher. Otherwise, the currency pair will plunge targeting 1.1879.