EUR/USD tracked corrective bearish around 1.1082 and expected to rebound bullish to resistance level at 1.1108

Dear Traders,

EUR/USD tracked corrective bearish around 1.1082 and expected to rebound bullish to resistance level at 1.1108

Euro went bearish following US NFP report last week, and consolidated again in bullish corrective trend. Latest NFP report was predicted to back interest rate hike decision, even though many analysts believed that FED would wait for strong GPD growth report before coming to said decision.


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