After huge EURUSD volatility last saw on Friday (just after US non-farm payrolls data), yesterday’s session was similar. At the beginning supply broke below support at 1.0980 but in the afternoon failed to move further and demand was on the top. Today EURUSD is continuing upward movement and price achived new local high. Nearest important resistance is located at 1.1070. If demand breaks it next resistances will be located at 1.1160, 1.1230, 1.1370. Current supports 1.0980, 1.0910, 1.0810.
Till Thursday EURUSD may move up, but during ECB metting (March 10th) there will be one thing for sure – huge volatility.