EUR/USD tracked corrective bullish around 1.1179 and expected to reverse bearish to support level at 1.1125.

Dear Traders,

EUR/USD tracked corrective bullish around 1.1179 and expected to reverse bearish to support level at 1.1125.

Euro briefly took gains against Greenback following investors' evaluation toward FED's rate hike probability before the end of this year. Meanwhile, market's sentiment has changed since the release of US NFP last week. That change was triggered by weakening US productivity data release yesterday. Those data were interpreted as declining US domestic economic growth that may decrease expectation of long-term inflation.


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