The EURUSD made it’s week’s low on Monday, and reached the pairs high to day. The move higher has taken the price back into a consolidation area going back to May. The low of that consolidation range will be the key barometer for buyers and sellers going into the new trading week.

The video above, outlines that key barometer and explains the other targets to both the upside and the downside for the EURUSD.

This article was written by Greg Michalowski at www.forexlive.com.