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EUR/USD underwent corrective bullish trend around 1.1425 after hitting key-support around 1.1357 and expected to peak at key resistance 1.1559
Dear Traders,
EUR/USD underwent corrective bullish trend around 1.1425 after hitting key-support around 1.1357 and expected to peak at key resistance 1.1559
Traders should kept their watchful eyes on issues pertaining to Brexit, Greece and concerns about deflation even though there wasn't release of major impact news these past couple days. Meanwhile as a side note, Japan Prime Minister, Shinzo Abe, stated that Japan may took action to intervene Yen hiking exchange rate toward US dollar.
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.
