Supply at EURUSD took over control after Thursday’s test of resistance at 1.1380. First support at 1.1320 wasn’t able to stop decline and today for the first minutes of trading downward movement is continuing. Nearest support is at 1.1160 but if it breaks stronger support will be located at 1.1100. One of that levels should make rebound.

There will be not many macroeconomic data in next few days that could increase volatility at EURUSD. Next important data will be protocols of last FOMC meeting. So-called FOMC minutes will be published on Thursday.

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Time-frame M30

EURUSD-M30

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