My Intraday Outlook.
(ahead London)
Technically, EUR/USD obviously rallied towards 1.1660 the Monthly_S1 zone in a little beautiful bullish channel.
But it looks like a strong resistance zone there, the Monthly_S1+Weekly_Pivot+38.2%Fibo
...which can hardly be broken ahead the FOMC+ADP+ISM+NFP coming this week.
These fundamental news use to create a waiting hard range which can be broken only by unexpected big political news.
My intraday resistance:
- 1.1650-60 (Monthly_S1 zone)
- 1.1669 Weekly_Pivot
- 1.1673 the 38.2%Fibo (from the big bearish Catalan momentum, last Thu.)
My intraday support:
- 1.1610; 1.1580-85
I'd say EUR/USD range until tomorrow 1.1580 - 1.1670.
Have a good trading day, you all!
(ahead London)
Technically, EUR/USD obviously rallied towards 1.1660 the Monthly_S1 zone in a little beautiful bullish channel.
But it looks like a strong resistance zone there, the Monthly_S1+Weekly_Pivot+38.2%Fibo
...which can hardly be broken ahead the FOMC+ADP+ISM+NFP coming this week.
These fundamental news use to create a waiting hard range which can be broken only by unexpected big political news.
My intraday resistance:
- 1.1650-60 (Monthly_S1 zone)
- 1.1669 Weekly_Pivot
- 1.1673 the 38.2%Fibo (from the big bearish Catalan momentum, last Thu.)
My intraday support:
- 1.1610; 1.1580-85
I'd say EUR/USD range until tomorrow 1.1580 - 1.1670.
Have a good trading day, you all!
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