EURUSD Breaks Through 1.0930 Resistance

Published 04/06/2015, 08:31 AM
Updated 07/09/2023, 06:32 AM
EUR/USD
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EUR/USD is showing a confluence at 1.0920-1.0930 zone

EUR/USD broke through 1.0930 resistance on Friday without any substantial retest on bad NFP results. EUR/USD has made another swing to the upside in uptrend and we would ideally want to see a retest of 1.0920-30 zone for another buy scenario. POC comes exactly at 1.0920-0930 ( previous retest, 61.8, trend line, L3 ) and rejections off the zone are targeting 1.1015 and 1.1050 subsequently. Due to low market volatility ( Easter holidays ) we can expect volatility shift at the start of US session.

EUR/USD Hourly Chart

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