EUR/USD is looking for short-term direction. Today’s US labour market data are expected to shape the short-term trend. Resistances can be found at 1.1534 and 1.1679. Supports stand at 1.1262 (see also the 61.8% retracement) and 1.1098.
In the longer term, the symmetrical triangle favours further weakness towards parity. As a result, the recent strength is likely to be temporary. A resistance lies at 1.1679 (21/01/2015 high), while a key resistance stands at 1.1871 (12/01/2015 high). Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low).
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