Technical Analysis and Outlook:
In the past week’s Eurodollar trading session, the currency continued its upward movement to Mean Resistance at 1.158, from where it was repelled strongly.

The current momentum suggests downward In-Force price action that will take the currency to Mean Support of 1.153, with a possibility of dropping further towards Mean Support at 1.149.

In the event of termination of downward price action, we may see an In-Force Rebound to continue the advance, initially targeting Mean Resistance at 1.158 and potentially higher up to 1.161.