Euro reversed the decline coz of poor non-farm payroll released yesterday. However, the unemployment rate and wage rate are good easing the trepidation. The rebound will continue after the temperate correction caused by oversold. It'll test 1.1200 again and try to stably stand above it. If it's fail, the further decline should be seen to 1.1180 and 1.1110 next. On the upside, though, break of 1.1270 will turn focus back to 1.1300 resistance, the 50% retracement of 1.1180 to 1.1420, instead. Meanwhile, it's suppressed by strong resistance at 1.1345, the down trend from 1.1570 on daily chart.
The target is 1.1300.
Turning point: 1.1200.
Above 1.1200, bullish , target price is 1.1270,then 1.1300.
Under 1.1200, bearish , target price is set at 1.1180, then 1.1110.
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Prior Strategy:
The target is 1.1300.
Turning point: 1.1200.
Above 1.1200, bullish , target price is 1.1270,then 1.1300.
Under 1.1200, bearish , target price is set at 1.1180, then 1.1110.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
Commento:
TP1 reached.
Commento:
Target Reached.