Based on the current price EUR/US at 1.0901, the direction of the EUR/USD is likely to be determined by trader reaction to the Fib level at 1.0932.
Sustained move under 1.0932 will signal the presence of sellers. If volatility picks up then look for a move back into the major 50% level at 1.0819, followed by the uptrending angle at 1.0801. Overtaking and sustaining a move over 1.0932 will signal the presence of buyers. The first target is last week’s high at 1.0950, followed by a resistance cluster at 1.0996 to 1.1001. Look for selling pressure on the initial test of the price cluster.
The angle at 1.1001 is also the trigger point for an acceleration to the upside. Happy Currency Trading
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