The EURUSD shows another drop in the prices from 1.0670 to 1.0609. Yesterday, I shared about a likelihood of another bearish wave below 1.0670 major resistance level. Today, we may see another bullish wave only above 1.0565, up to 1.0650. Whereas below 1.0560, the pair is expected to fall up to 1.0505 a major support area. On the upside, 1.0675 level instantly seems to serve as immediate resistance, if the pair breaks above this level then it can go for $1.0690.

EUR
German Bank Holiday

USD
CPI m/m
Core CPI m/m
Core Retail Sales m/m
Retail Sales m/m
Business Inventories m/m

Trading Range:
1.0750 – 1.0500

Support & Resistance Levels
R3: 1.0859
R2: 1.079
R1: 1.0747
Pivot Point: 1.0678
S1: 1.0609
S2: 1.0566
S3: 1.0497

Recommendation
Buy Above:1.0610
Take Profit:
1st @ 1.0640
Stop Loss @ 1.0580

EURUSD - Chart

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