After yet another 150 pip jump in the Euro yesterday (sell-off in Bund was cited as a catalyst), the pair topped near the trendline drawn off August 17th 2014, December 14th 2014 and May 10th 2015 highs. It reversed from there on profit taking ahead of NFP, better US data and no progress on Greek deal. It took out post-ECB low at 1.1230 overnight to trade down to 1.1180, but is not back to 1.1250.
Support is now confirmed around 1.1180 with the next strong level at 1.11. Initial resistance is se…
Support is now confirmed around 1.1180 with the next strong level at 1.11. Initial resistance is se…