EUR/USD remains under pressure as DXY clockls yearly high at 98.84

On intraday, the pair has bounced from 1.0890 (1.414 fib extension) low yesterday. 

Technically, a break above 1.0940 will encourage further corrections aimed at 1.0965 and 1.1010. 

However, only a break above 1.1050 followed by a daily close above it should be considered as an alert for further upward corrections. 

On the other hand, a break for yesterday low 1.0890 will put 1.0830 ( 1.618 Fib extension) or 1.0800+ into a test where expectations for bidders to appear and bounce.
Cookie Policy: uses cookies, and by continuing to use this website you consent to this. For more information please read our Cookie Policy.