EUR/USD Outlook

RBS notes:

The pair sustained above a key level of 1.0965, as weekly MACD formed a positive crossover, confirming the view that the correction may be over and an uptrend formation may start from this week. This is also confirmed by daily oscillators, which are most reliable in a sideway market. 

Therefore, I hold the view for the currency to be forming a base and see 1.14-ish area re-tested in the near future with a break opening new targets at 1.1850, 1.2090 and above. 

However, if the 1.0965 support is broken on a sustained basis (on close), further weakness to 1.0847 and potentially 1.0700 and 1.0520 could be expected

SUP: 1.0965 1.0847 1.0700
RES: 1.1084 1.1231 1.1469