On EURUSD actually we see a bearish response. Since the beginning of Monday’s session, the demand was trying to overcome resistance at 1.0620. After 10 a.m it seemed that this attempt was a success. Then EURUSD reached the highest level since Feb. 17 testing 1.0640. But it didn’t last long. Supply began a counter attack, pushing prices in the daily minimum.
For nearly three weeks EURUSD moves sideways between 1.0500 support and 1.0620 resistance. At this time, any attempt to overcome one of these levels found reaction from opposite side. The same scheme we saw during this morning and it is possible that aim of the current movement will again be minimum of current consolidation equal to 1.0500.
