EUR/USD was tracked bullish around 1.1802 and expected to reverse after hitting resistance level at 1.1094 which later will be followed by upward rebound when touching support level around 1.1068.

Dear Traders,

EUR/USD was tracked bullish around 1.1802 and expected to reverse after hitting resistance level at 1.1094 which later will be followed by upward rebound when touching support level around 1.1068.

Meanwhile, market attentions has shifted to BoJ statement this day where analysts expected BoJ to announce new stimuli packages under their monetary policy. That speculations spiraled themselves last Tuesday where there was major discrepancies between many news sources suggested either aggressive BoJ's stimuli change or passive version of it.


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