Eur/Usd is ranging between 1.1400-1.1500 level, the pair has dropped sharply from near 1.15 handle, immediate support can be seen at 1.1425 which is today's low, break below would expose to the psychological support level of 1.14.
The EURUSD has come back to the 1.1400 after the inflation numbers from the US came out better than expected. Tomorrow's consumer confidence may decide if the pair continues dropping or returns to the upside.
The euro recorded a decrease against the dollar on Thursday. Thus, the single currency lost the accumulated profits from the previous session. If negative direction continuewe may expect soon break of support at 1.1171.The session on Thursday started at 1.1472 and the bullish trend prevailed from the start. Bottom of the day was hit at 1.1363, and the session ended at 1.1382.
I think that next week we can expect EUR/USD to rise again, since it formed a doji candlestick above the resistance at 1.1330 on the four-hour filter chart.
I think that next week we can expect EUR/USD to rise again, since it formed a doji candlestick above the resistance at 1.1330 on the four-hour filter chart.
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