The EURUSD falls to trade at 1.0653, down -0.0021 points and -0.20% in the European trading sessions. The U.S. Division of Labor provided details on Thursday that underlying jobless cases expanded by 5,000 to 239,000 a week ago, contrasted with desires for an 11,000 ascent to 245,000. Information additionally demonstrated that building licenses hopped by 4.6% to 1.285 million units a month ago from 1.210 million in December. The greenback had reinforced extensively after Ms. Yellen told the U.S. Senate Banking Committee on Tuesday that the national bank will probably need to raise loan costs at one of its forthcoming gatherings. On last day of the week, the EURUSD is trading bearish at 1.06400 right above a major support level of 1.0690. Overall, as per RSI, the pair is holding in an overbought territory giving an indication that it may go lower to 38.2% retracement level of 1.0615. Whereas, the breakage below this level may extend the pair further down towards 1.05794 support level. But currently, investors need to focus on the 1.0637 as it is a significant support area.

EUR
Current Account

USD
CB Leading Index m/m

Trading Range:
1.0850 – 1.0500

Support & Resistance Levels
R3: 1.0799
R2: 1.0752
R1: 1.0723
Pivot Point: 1.0676
S1: 1.0629
S2: 1.0601
S3: 1.0553

Recommendation
Sell Below: 1.06520
Take Profit:
1st @ 1.06200
Stop Loss @ 1.0675

EURUSD - Chart

One thought on “EURUSD Daily Market Updates- Trade Idea for Friday”

  1. Butch Charles says:

    always perfect man

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