Performance for the Day
The EURUSD pair price is now set for a possible bearish breakout at the 1.1507 area and U.S dollar jumps across board due to Fed Evans speech. As at the time of writing this post, price is at the 1.1520 area.
The EURUSD Bears now appears to be in full control as Bulls were unable to stage a formidable push above the 1.1600 area. Technically, if price breaks the support at the 1.1507 area, the next strong support will be at the 1.1485 level.
The main focus tomorrow on the economic calendar is U.S Consumer Price Index data.
Trade Levels to Watch
A strong break above the 1.1545 level will signal more bullish correction of the pair to the 1.1620 area. A break below the 1.1507 area will signal a bearish move of the pair to the 1.1485 area.
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