Today on Wednesday, EURUSD has been dragged higher by the move in Cable. It’s heading bullish just like the GBPUSD as the U.S dollar fell dramatically yesterday. Just like the Sterling, the Euro is also likely to continue bullish trend. We have to buy at 1.0750 today with a minor stop loss of 1.0690. Today, we may see another bullish wave only above 1.0690, up to 1.0765. Whereas below 1.0690, the pair is expected to fall up to 1.0660 a major support area.

EUR
Italian Trade Balance
Final CPI y/y
Final Core CPI y/y
Trade Balance
German 30-y Bond Auction

USD
Crude Oil Inventories
Beige Book

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
Sell Below:1.0730
Take Profit:
1st @ 1.0699
Stop Loss @ 1.0750

EURUSD - Chart

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