Situation on EURUSD has sharply changed in the last two hours, when price tested support at 1.1330 area. This support was strengthened by lower limit of bullish regression channel, in which price has moved since the beginning of March 2016. On indicated level rebound occurred. Price has gone up sharply and during less than two hours EURUSD was 60 pips higher (returned above 1.1380). Nearest target for demand is resistance located at 1.1440 level, which is the highest level from few last months.
It has to be noted that today’s evening important macroeconomic data will be published. It will be FOMC minutes. Usually there was high volatility at EURUSD during this event.
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