As I presumed in Tuesday’s analysis, EURUSD rebounded from support and huge volatility occurred during non-farm payrolls. Data were much better than forecasts and previous data from January were revised upwards. As reaction EURUSD sharply fell 80 pips and equally rebounded. Ninety minuts later price was 150 pips higher. First resistance at 1.0980 was achieved very fast and currently price is reaching toward 1.1070. After break above that level next target for the bulls will be located at 1.1100. Alternatively in declines returns nearest supports are at: 1.0980, 1.0910 and at the area 1.0830 – 1.0810.
