EUR/USD - nearest target for demand 1.1070
After huge EUR/USD volatility last seen on Friday (just after US nonfarm payrolls data), yesterday's session was similar. At the beginning supply broke below support at 1.0980, but in the afternoon failed to move further and demand was on the top. Today EUR/USD is continuing upward movement and price achived new local high. Nearest important resistance is located at 1.1070. If demand breaks, next resistances will be located at 1.1160, 1.1230, 1.1370. Current supports 1.0980, 1.0910, 1.0810.
Until Thursday EUR/USD may move up, but during the ECB meeting (March 10th) there will be one thing for sure - huge volatility.
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