
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Key events ahead:
Core retail sales – 15:30 MT (12:30 GMT) time
On H4, EUR/USD rose by 58 pips during the American trading session and tested the 200-period SMA at 1.1280. After the reassuring comments by the NY Fed, bears tried to pull the pair lower to the 50-period SMA. At the moment, EUR/USD is testing the support at 1.1253. The next support for bears will lie at 1.1237. From the upside, the first resistance lies at 1.1263. After the breakout, wait for the pair to reach the strong resistance zone at 1.1274-1.1280.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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