The currency pair surged last week and tested 1.2144. There were no significant changes in the fundamental environment due to lack of important news releases. EUR/USD stays within the uptrend formation fluctuating above the ascending trend line. 

If the currency pair completes successfully testing of 1.2144, we expect it to continue its growth above 1.2144. Otherwise, EUR/USD is going to plunged towards the ascending trend line.