EUR/USD - on the way to 1.0810
Last Friday, price broke below support at 1.0980, and downward movement is continuing. Period of low volatility at EUR/USD should have already been finished, because in the next three weeks there will be important macro events which should cause higher volatility (US non-farm payrolls, ECB meeting, FED meeting).
Nearest target for supply is 1.0810 and currently that level should be tested. At that level rebound should occur, and targets for that movement are located at: 1.0980, 1.1100. If EUR/USD continues declines, next supports will be located at: 1.0710, 1.0520.
Disclaimer: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.