FxWirePro: EUR/USD gains some upside momentum but still bearish
The EUR/USD declined at the beginning of the US session as the pair found strong selling interest as dollar recovered some ground after ADP National Employment Report showed a gain of 1179,000 jobs in July. Further upsid…
The EUR/USD declined at the beginning of the US session as the pair found strong selling interest as dollar recovered some ground after ADP National Employment Report showed a gain of 1179,000 jobs in July.
Further upside in this pair should be limited as the resistance level at 1.1264 should limit further rally and bring decline back to lower side.
To the upside, the immediate resistance can be seen at 1.1215, a break above this level would take the pair towards next resistance level at 1.1264.
To the downside immediate support can be seen at 1.1165 levels, a break below this level will open the door towards next level at 1.1105.
