EURUSD 4h
Resistance at 1.07000 & 1.07250
Support at 1.06700 & 1.06500
Told you that this is going to happen. So what now ?
Two options:
– Break above the EMA 50 and test of 1.07500 & even 1.07750
– Meeting with 1.07250 and sudden drop , followed by the break of 1.06000 and continuation of the steep downtrend
Watch for Initial Jobless Claims today and bunch of other US data tomorrow
Economic Calendar