Ieios

EURUSD WEEKLY recovery from post NFP actiovs

FX:EURUSD   Euro / Dolar A.S.
EURUSD

Over the months, we've witnessed a very bearish a bearish EURUSD and the market now stands on a 4-year support level@ 1.1390, if this level holds, the bulls are likely to push the price high taking advantage of the weak US dollar who also experienced a weak performance on her Non Farm Payroll last month. To this end, seeing the price rejection @ 1.1230 we want to see the bulls take price up to 1.1490 and if also able to break the resistance, we're likely to see the EUR recover up to 1.1640.

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