EURUSD, Wait and See
As per our previous ideas, EURUSD pair has managed to reach the strong support level of 1.1300.
At this point we are seeing quite a strong bounce off this level which could go towards the 1.1440 level.
Some progress has been made on the Brexit front, with a deal being agreed on the financial services between UK and Europe, this could slow down the decline of this pair.
However, as also mentioned we look towards US employment data tomorrow which will create volatility for this pair as well.
On the downside, the price break below 1.1300, we will watch out for selling opportunities.
At this point we will take the sidelines for a clear market direction, it will be risky to buy against the current downtrend.
At this point we are seeing quite a strong bounce off this level which could go towards the 1.1440 level.
Some progress has been made on the Brexit front, with a deal being agreed on the financial services between UK and Europe, this could slow down the decline of this pair.
However, as also mentioned we look towards US employment data tomorrow which will create volatility for this pair as well.
On the downside, the price break below 1.1300, we will watch out for selling opportunities.
At this point we will take the sidelines for a clear market direction, it will be risky to buy against the current downtrend.
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