Monday is almost over, and with so much high impact news for the next 3 days. High volatility is to be expected. Last month, price close above monthly pivot level, this denotes bullish monthly momentum. This month, there was a false break below monthly S1 level, and Daily candlestick for the past 3 days was close above monthly S1 level. If price is not going down, it must goes up. This means price is attempting to test current monthly Pivot level 1.06885.

Last Friday, 4hourly candlestick breached below weekly S1 level but was unable to close below S1. In comparison with last Thursday 4hourly close below weekly S1 level, this price action demonstrates weakening bearish momentum. Today looking at the 4 hourly candlestick, price seems reluctant to close below pivot. My impression of EURUSD for Tuesday is for price to test weekly R1 level 1.07041. A major support stand at weekly S1 level 1.05400.
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