The speech of Fed Chairman on the monetary policy and the economy is in the focus today. The data on the GDP of the eurozone will be also published. I identified the following key levels:
Support: 1.0595
Resistance: 1.0620
I plan to open short-term speculative positions.
I will buy the EUR/USD if the price fixes above the 1.0620 level. Potential movement - to 1.0660.
I will sell it if the price fixes below 1.0595. Potential movement - to 1.0550.
Support: 1.0595
Resistance: 1.0620
I plan to open short-term speculative positions.
I will buy the EUR/USD if the price fixes above the 1.0620 level. Potential movement - to 1.0660.
I will sell it if the price fixes below 1.0595. Potential movement - to 1.0550.