EUR/USD at the 1.3800 level.

The EUR/USD keep climbing with the RSI showing overbought price might go for a retracement. but still there is no confirmation on the end of the bearish trend.
 
The EUR/USD gained more than 200 pip today, waiting for the closure above the resistance at 1.1260 to confirm the end of the bearish trend.
 
EURUSD rallied on yesterday session breaking above the daily resistance at 1.1236 in a strong impulsive candle. The next target is 1.1460 January low and February high that should present some challenges to the pair. The lack of choppy action is due to the market anticipating that the US non-farm payrolls and the unemployment rate will be worse than expected.
 
1.1390 proved to be a pretty strong resistance level for EUR/USD for the moment. The pair failed to break above it and moved to the downside again. I, personally, doubt that it will be able to break above the resistance before the US Non-farm payrolls tomorrow.
 
This pair has lost more than 150 pips today after being rejected from a fresh high of 1.1391. Currently Eur/Usd is consolidating around 1.1260 prior to NFP tomorrow, on the downside 1.1200 would be the psychological level.
 
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