EUR/USD ran bullish corrective to 1.1144 and expected to stay bullish until hitting resistance level around 1.1166, which later would turn bearish again.

Dear Traders,

EUR/USD ran bullish corrective to 1.1144 and expected to stay bullish until hitting resistance level around 1.1166, which later would turn bearish again.

Shaun Osborne, FX strategist of Scotiabank commented that ECB's policy maker will issue further monetary easing in September due to series of latest Euro Zone economic reports that suggested general sluggish economic growth.

 

Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD