Bullish, Euro Eyes 1.1580 resistance

Euro start this week with a rally, penetrating range on the daily chart. Immediate resistance is at 1.1580 area, break above this area could trigger further bullish momentum towards 1.1680 area or even 1.1740 area. Meanwhile, the condition of overbought on the RSI and Stochastic could trigger a bearish correction back to the 1.1370 area. However, only a break below 1.1150 area which can cancel the current bullish outlook.