EURUSD

EURUSD

U.S Non Farm Payrolls were released last Friday which were misforecast in May. After soft data, the EURUSD pair showed an upward move towards the 1.1295 resistance level. In the event that the rise continues above 1.1295, the next resistance level will be at 1.1365. On the other hand, if the price shows a downward move, we will face 1.1220 and 1.1160 as support levels. However, as long as the price sustains above 1.1220 on a daily basis, the bullish action will most likely dominate.


 
Support: 1.1220-1.1160-1.1111


 
Resistance: 1.1295-1.1365-1.1445

05 Jun 17 (Mon)

09:10 am



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