The US Non-Farm Payrolls disappointed markets on Friday. As a result, the EUR got a chance to reverse some losses. The Middle East tensions eased and the risky assets may become more popular this week.
The main scenario is a further growth towards 1.1150.
An alternative scenario assumes a decline to 1.1100.
We await a break above 1.1120 to trigger another leg higher towards 1.1150.
If the price succeeds and fixes below 1.1120, the market may start a new descending correction to 1.1100.