The EURUSD finally re-tested the parallel support finds at 1.1575. A break of this would be needed to initiate a more downward pressure to 1.1550 and 1.1530, finally 1.1500. A daily close below 1.1500 would expose to the immediate support finds at 1.1450. Resistance seems at 1.1620 and 1.1650.
Ahead of today’s key risk event we are more focusing on 1.1530-1.1500 zone if 1.1550 taken out. Flipside 1.1650-1.1665 is the next junction if short-term rally resumes.
Ahead of today’s key risk event we are more focusing on 1.1530-1.1500 zone if 1.1550 taken out. Flipside 1.1650-1.1665 is the next junction if short-term rally resumes.