FxWirePro: Greenback rallied against Euro on strong US JOLTS data, good to sell on rallies
EURUSD has broken major psychological support 1.1800 and declined slightly below 1.17200. It is currently trading around 1.17480. The greenback shown a good bounce yesterday after better than expected JOLTS data. The mon…
EURUSD has broken major psychological support 1.1800 and declined slightly below 1.17200. It is currently trading around 1.17480.
The greenback shown a good bounce yesterday after better than expected JOLTS data. The monthly Job Opening and Labor Survey (JOLTS) indicates job openings outpaced hiring.
EURUSD shown a minor jump above 1.1800 yesterday and started to trade below that level. Short term trend is still weak as long as resistance 1.18250 holds. Overall bullish continuation can be seen above 1.1910.
On the lower side, any convincing break below 1.17200 will drag the pair down till 1.1660 (21- day EMA)/1.15980 (23.6% retracement of 1.05694 and 1.19098).
It is good to sell on rallies around 1.1745-1.1750 with SL around 1.1830 for the TP of 1.1650/1.1600.
