In the 24-hour timeframe: Yesterday, I expected EUR to trade in the 1.0870/1.0915 range. We didn't anticipate the spike in volatility. After rising to a high of 1.0930, EUR plummeted to a low of 1.0831 and then closed at 1.0844 (-0.44%).
The rapid decline has regained momentum and EUR is likely to weaken further today. A clear break of key support at 1.0830 could lead to a drop to 1.0790 before the risk of a rebound increases. Resistance is at 1.0870, followed by 1.0890.
Note
NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
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