EURUSD pushed higher through 0.9900 intraday on Monday before easing off a bit. The single currency pair is seen to be trading close to the 0.9880 level at this point in writing as the bears might be preparing to drag towards 0.9780, near-term support. On the flip side, if the bulls are successful in pushing the price above 0.9900, they would try and test 0.9999 soon.
EURUSD might be into its final leg higher since the beginning to rally from the 0.9535 lows earlier. Potential upside targets are 1.0200 and 1.0300 as projected on the daily chart here. The probability remains high for a pullback towards 0.9780 from here before turning higher again. Immediate support is seen at 0.9700-10, followed by 0.9635 and 0.9535 levels respectively.
EURUSD is facing resistance at 1.0200 and a push higher would expose the next one, which is seen around 1.0350 respectively. Once the above counter-trend rally terminates, prices are expected to turn lower towards the larger-degree downtrend. Only a break below 0.9635 from here will bring back the bears into control again.
Trading idea:Potential rally through 1.0200 against 0.9535
Good luck!