Yesterday's US data from the ADP agency has added the confidence to "euro-bulls" so the currency pair managed to reach the resistance level of 1.1370. The strong level of 1.1300 left behind and now we can speak with certainty about the EURUSD conquest of new heights. There is a very strong resistance 1.1480, which will be reached in coming days, if we do not see changes on the labor market in the US on Friday. Regarding the European economy, it is gaining paces of recovery last time, quantitative easing program is bearing results, however, the question of Greece remains open for now. Today there won't be any important news, therefore it is expected the consolidation until tomorrows NFP.
As long as the price is above the support level of 1.1300, there possible "Buys" with the goals to 1.1370; 1.1420; 1.1480.
If the currency pair consolidates below the level of 1.1300, there posible "Sales" with the goals to 1.1270; 1.1220.
As long as the price is above the support level of 1.1300, there possible "Buys" with the goals to 1.1370; 1.1420; 1.1480.
If the currency pair consolidates below the level of 1.1300, there posible "Sales" with the goals to 1.1270; 1.1220.
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