Guys, current week carries much important from the trading point of view, as the U.S will be releasing highly impacted economic indicators throughout the week.
The EURUSD extended to trade bearish zone while keeping the 5th continuous day’s bearish impulse. In the previous week, the pair has shifted downward around 336 pips. Though on Monday, the EURUSD traded in a large range of 99 pips, as it puts a high of 1.1.0922 and a low of 1.0829. The U.S Dollar kept growing stronger on Friday as well.
• Industrial Production m/m
• ECB President Draghi Speaks
• No Major Economic Release Expected
EURUSD is trading presently beneath the resistance level of 1.1125 was broken on the preceding trading day on account of the U.S Presidential Elections volatility. The significant resistance is located nearby 1.0850 & 1.0885, whereas the support prevails at 1.0785 and 1.0740.
Support & Resistance Levels
Pivot Point: 1.0868
Sell Below: 1.0845
• 1st @ 1.0770
Stop Loss @ 1.0865