Last week EURUSD falls to area 1.0800 during press conference (after EBC meeting). Despite the attempt to deepen this decline, supply wasn’t able to take control. Since the beginning of current week EURUSD moved upward.

Nearest target for demand is 1.0930 level which is an upper limit of downward channel in which price moved for two months. Important event for EURUSD will be tomorrow. During the day we will get data from the US real estate market and in the evening decision and statement after FOMC meeting. In this time is more than sure that will be a high volatility at EURUSD. Nearest support is at 1.0840. Resistances are located at: 1.0870, 1.0930, 1.0970.

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Time-frame H4

EURUSD-H4

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