The EURUSD corrected higher last week , topped at 1.2991, closed lower at 1.2950, so far the consolidation from 1.3171 still in progress,above 1.3000 will flip bias to the upside but be careful, above 1.3000 we have 2 sloping resistance lines, the first one from 1.3171, the second one is the most important , It comes from 1.4939 - 2011 high - so any move above 1.3000 is supposed to be capped by 1.3200/1.3150 levels , only a clear break with daily close above 1.3212 would confirm resumption from 1.2042 and target 1.3500 levels..
Keep in mind as long as the support 1.2804 holds , we're in short term bullish view , only losing the key support 1.2700/1.2650 would completely end the bullish phase and it would resume the long term bearish trend .
By checking the 15 min chart, today I think the pair would find some resistance around 1.2960, so If you wanna risk a bit you might sell the pair here with tight stop above 1.2991, 20 or 30 pips , target some where around 1.2820, I think the pair would test this area first before attempting any rise above 1.3000 levels...
Fundamental focus today is on Core Retail Sales m/m and Retail Sales m/m from United States at 12:30 PM GMT
Resistance : 1.2960 1.3000 1.3055 1.3110 1.3165 1.3210
Support : 1.2895 1.2835 1.2790 1.2735 1.2680