Sforex

EURUSD: What should we do next post ECB Meeting ?

FX:EURUSD   Euro / Dolar A.S.
3
Oil resistance now becomes new support at 1.0820

Very strong resistance is at 1.1100

Payrolls tomorrow, I bet on negative data means support to Euro.

1.1100 is also :

- SMA200
-SMA100
- Kumo cloud.

So this is indeed a resistance which could capture EURUSD at there.

Mood is BUY EURUSD, but we need find a better point to entry.

I think EURUSD should test 1.1100 first, then a SHORT covers market ,that is the point I want to BUY EURUSD.

Penafian

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