• EUR/USD regains upside traction and retests 1.0570.
• The weekly high at 1.0641 emerges as the next target of note.

EUR/USD keeps the choppy trade well and sound above the 1.0500 region so far this week.

While further consolidation remains likely in the very near term, occasional bouts of strength could see the pair initially targeting the round level at 1.0600 prior to the more relevant weekly high at 1.0641 (May 5).

Above the 3-month line near 1.0920, the selling pressure is expected to alleviate somewhat. This area reinforces the weekly high recorded on April 21 at 1.0936.

EUR/USD daily chart