Boom, the Target Hits @ 1.1180 from previously suggested trade, Hope you guys enjoyed it
EURUSD traded in a daily range of 72 pips with a high of 1.1141 and a low of 1.1130 on Monday. It concluded the day well below the 61.8% Fibonacci retracement level at 1.1142. Fundamentally, The numbers released by Eurozone were better than anticipated but not strong sufficient to support the pair. Low impacted economic figures released by Eurozone includes: Italian Production m/m, Trade Balance, and Sentix Investor Confidence. Besides, the volatility remained very light as the US banks remained off in the notice of Columbus Day.
Today on Tuesday, the investors are suggested to observe the subsequent events:
NFIB Small Business Index
EURUSD is expected to linger beneath a Fibonacci 61.8% support come resistance level of 1.1145 and likely to maintain selling trend in the market. The significant resistance is however seen around 1.1185, while more sellers are appearing at 1.1220 and another support is still found at 1.1105 and at 1.1075.
Daily Trading Range:
1.1310 – 1.1025
Daily Support & Resistance Levels
Pivot Point: 1.1157
Good to Buy Above: 1.1108
1st @ 1.1145
Stop Loss @ 1.1085