Rebound has occurred at the beginning of current week. However, yesterday’s press conference of Mario Draghi the ECB’s chair caused trouble. Once more EURUSD fell below 1.1160 level.
Today US nonfarm payrolls will be in the spotlight. Usually this macroeconomic data causes high volatility on EURUSD. Due to this the main scenario for EURUSD is rebound. First the price may fall to 1.1060 level and then rebound will occur and the price will start new upward movement. Alternatively if EURUSD falls below 1.1060, this will be a very bad signal for the bulls. In such a situation new downward impuls will lead the price even to 1.0810 level.
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