The market is waiting for Draghi's speech on Wednesday. The rebound is continue after the strong non-farm payroll released on last Friday, coz the low increasing rate of wage is still annoying American economy. Currently, it's strongly supported by 1.1225 and trying to test 1.1250 again. However, it's come into the over-sold zone, the temperate correction is likely to come soon after its failure. The further rise should be seen to 61.8% retracement
of 1.1185 to 1.1325 at the range from 1.1265 to 1.1270. On the down side, though, break of 1.1225 will turn focus back to 1.1200 and 1.1185 next.
The target is 1.1270.
Turning point: 1.1225.
Above 1.1225, bullish
, target price is 1.1250,then 1.1270.
Under 1.1225, bearish
, target price is set at 1.1200, then 1.1185.
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