EUR/USD intraday bounce toward 1.1950

• The USD bulls are taking some profits off the table on data-light Monday. 
• The EUR/USD is bouncing off the 1.1900 handle but the overall trend remains bearish.

The EUR/USD is trading at around 1.1931 down 0.25% on a data-light Monday's trading. 

The single currency found some intraday support at the 1.1900 handle amid some mild USD profit-taking and euro bulls are grinding higher toward the 1.1950 psychological level. 

The US Dollar Index (DXY) is in its fourth day of consolidation after posting a strong bull trend in the last three weeks. 

This Monday sees many speeches from Fed officials. Richmond Federal Reserve Bank President Tom Barkin is set to speak at George Mason University in Fairfax in Virginia at 18:00 GMT while Dallas Federal Reserve Bank President Robert Kaplan will be discussing "Learning About an ML-Driven Economy" at 19:30 GMT. Scheduled at the same time is the Chicago Federal Reserve Bank President Charles Evans who will be speaking at the Federal Reserve Bank of Atlanta conference titled "Machines Learning Finance. Will they Change the Game?" in Florida at 19:30 GMT. The speeches are academic in nature and should not reveal any surprises in monetary policy and therefore they are not expected to be the next catalyst in the USD bull trend. It is also worth mentioning that UK markets are closed in observance of May Day, therefore, reducing the volume of transactions in the foreign exchange market. 

EUR/USD 4-hour chart 

The main trend is bearish and immediate supports are seen at 1.1900 and at 1.1817 swing low (December 22, 2017). To the upside, resistances are priced in at 1.1950 supply level and at the 1.2000 psychological level.