We have to keep an eye on the 1.17137 level, if the price breaks strongly down that level we should expect it goes lower towards the 1.16500. But because this pair is very consolidated we can expect that it breaks strongly the 1.17500 en look for the 1.1800.
If the market is not already discounting tomorrow´s fundamentals (JOLTS), that we all know are coming very bad for the USD, i will be expecting an upside movement towards the 1.09500 or higher. If we don’t see confirmation, we may see the market retesting the 1.0750 zone. The USD still have, from my point of view, high levels of demand, due to the big amount of...