The EURUSD trended higher from last week 1.16238. However, the pair stalled at 1.16687 at the 38.2% retracement level. The inability to break above keeps the sellers in control. Staying below the 1.1640 level would give the sellers even more confidence. If the price can get and stay above the 1.1640 level, the 38.2% retracement target still remains intact.