EUR/USD: With the pair trading flat following price rejection the past week, more weakness is likely. Resistance comes in at the 1.1650 level with a cut through here opening the door for more upside towards the 1.1700 level.

Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EUR/USD faces further recovery higher.