Not much has changed for the past few days for the EURUSD. The pair has been range trading between 1.0570 and today's high 1.0636. With nothing to back up the Euro, the Dollar is bound to continue thriving and taking up more and more space down south on the chart.
Currently, EURUSD is trading at 1.0616, while support remains closely at 1.0550 and resistance rests even closer at 1.0640.
Chart: EURUSD D1
It probably won't continue on its way down before the NFP on Friday.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteLet’s see what will happen tomorrow on the ECB press conference!
ReplyDeleteBusy week for the pair.
ReplyDeleteExcellent analysis.
ReplyDelete