In the Earlier week, the EURUSD frequently traded bullish and achieved 38.2% retracement at 1.0989. Whereas on Friday, in the early trading sessions, the pair traded range bound but later it rose dramatically as the U.S Dollar continued to stay weaker on Political tensions in the USA. Overall, the pair consolidated in a broad trading range of 101 pips with a high of 1.1.09909 and a low of 1.0896.



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Loan Officer Survey


EURUSD is under pressure now and we can expect to stay bearish below 1.0980. The strong resistance is found around 1. 098, while the intra-day support prevails at 1.0940 and 1.0863.

Support & Resistance Levels

R3: 1.1077
R2: 1.1027
R1: 1.0995
Pivot Point: 1.0945
S1: 1.0895
S2: 1.0863
S3: 1.0813

Sell Below: 1.0980
Take Profit:
1st @ 1.088
Stop Loss @ 1.1005


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