non-farm payrolls figure is mentioned in May and the unemployment rate is not very good , America in May data does not sound too good. At the same time the FOMC interest rate decision on the subject in June, much importance,However, markets are uncertain about interest rate hike.This confusion makes it difficult to decide on financial assets But there is a real world economy is not going well For this reason, there are also benefits of strategic thinking.
As a result : Technically, it looks like the start of the upward movement of the EURUSD-0.77% down, because market interest rates began to increase pricing. Dollar done perhaps with the idea of a rising interest rate increase in question It also seems that the Dollar Index0.31% movement received support from 89 Monthly average when examined, but how strong support
I would like to express our position in writing which currently support the resistance point. This points are determined by Fibonacci ratios
EURUSD Estimated Points
support last Daily %236 Fibonacci Level : 1.11500