EURUSD pair advanced to trade bullish in the lack of any economic event on Monday. It was slightly bullish in the initial trading sessions and put a high of 1.0684. Following, the pair dropped in the New York sessions to give back all the profits. Trading range continued 129 pips, with a higher and lower boundary of 1.0684 – 1.0562.

Note: Traders are concentrating on the NFP and unemployment rates due in an upcoming week.

JPY
• German Import Prices m/m
• German Prelim CPI m/m
• French Consumer Spending m/m
• Spanish Flash CPI y/y
• Italian 10-y Bond Auction

USD
• Prelim GDP q/q
• Prelim GDP Price Index q/q
• S&P/CS Composite-20 HPI y/y
• FOMC Member Dudley Speaks
• CB Consumer Confidence
• FOMC Member Powell Speaks

Technical Overview:
Guys, we can see another spinning candlesticks formation rendering an uncertainty of investors to stay with the bullish trend . The resistance is located nearby 1.0662 and 1.07496, while the support predominates at 1.0584 and 1.0520.

Support & Resistance Levels

R3: 113.39
R2: 1.0695
R1: 1.0667
Pivot Point: 1.062
S1: 1.0573
S2: 1.0545
S3: 1.0498

Recommendation

Sell Below: 1.0660
Take Profit:
• 1st @ 1.055
Stop Loss @ 1.0675

EURUSD - Chart

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