On the weekly chart, the euro against the dollar is still trading below 50 Fibonacci levels for the wave 1.0340 - 1.2555 and could not breach the 1.1448 price in addition to slight positive readings on the MACD and the RSI trading near 50 levels.

Penetration of level 1.1448 opens the way for the pair to rise further and target 1.1520 levels and with success penetrating this level the pair targets 1.1567 and 1.1617 levels

Taking into account the strength of the 1.1480 level and monitoring the RSI intersection above 50.

On the other hand, breaking the bottom 1.1176 opens the way to target 1.1100 - 1.1130, and any break of these levels 1.1025 - 1.1076.