US Dollar had a correction last week due to the weaker than expected key US data releases. US GDP data was below expectations with only 6.5% against 8.5% forecasted by the economists. There was no further hints on the monetary policy tightening by the FOMC members during the FOMC meeting last week.

EUR/USD has tested 1.1879. It is recommended to see if the currency pair is able to stay above this level this week.