The EUR/USD pair has posted a rebound that night, going back to the resistance of 1.1775.
In fact, after a start of the week very shy in a narrow range between 1.1720 and 1.1750, we observed a break upward during the night.
The break above 1.1750 has paved the way in the direction of 1.1775, the resistance, which had already limited the rise in the last week.
A break above would trigger upward pressure to get the important threshold of 1.1825, a resistance to preserve to avoid a higher risk of bullish reversal.
It is only at the top of the 1.1825 that the bearish view would be put in jeopardy, with a possible return of the up in the direction of 1.1920, 1.1950 and 1.1980/1.2000.
Has the downside, a return below the 1.1750 could reinforce downward pressures and to encourage a fall towards the support zone of the 1.1720/1.1680.
Below, we’ll still have the area of 1.1660 to monitor, before targeting a return to the area of 1.1620/1.1580.
The economic calendar will be empty today, it will be necessary therefore to continue to follow the market sentiment and technical thresholds.
The pair EUR/USD is currently trading at 1.1765 on the Forex.
Chart EUR/USD H1
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This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.