EUR/USD further upside direction
The EUR/USD started pushing higher after Yellen’s comments last week. The EUR/USD is attempting to have a bullish breakout after an increase in US unemployment rate showed a slack in the US labor market, especially as the price cuts 1.1400 as a strong resistance. Thus next resistances are located at 1.1440 and 1.1470.
However, the ECB easing decisions might push the EUR/USD lower, and trading below 1.1387 will send bearish signals testing 1.1365, 1.1345 and 1.1330 as next support levels.
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