EUR/USD was tracked bearish around 1.1212 and expected to remain bearish until hitting support level at 1.1169.

EUR/USD was tracked bearish around 1.1212 and expected to remain bearish until hitting support level at 1.1169.

Current spotlights will be sorted to series of EU's data releases this day and ongoing rumors about US NFP forecasts. Meanwhile, IMF might not be ready to shoulder debt crisis over Europe, especially when it boils down to Greece's worsening economy, as stated by IMF officers.

 

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