Last week’s EURUSD finished shallow correction at first weak support 1.1250. Supply after few unsuccessful attempts gave up and since the beginning of current week EURUSD is gaining. At last today demand has attacked resistance at 1.1330. If price stays above this level it will mean that EURUSD has returned inside the consolidation between 1.1330 – 1.1440 levels. Test of upper limit of this consolidation is almost sure.
However to next Thursday I don’t expect any bigger movements at EURUSD. Right direction of the further price movement will be indicated after Thursday’s ECB meeting. But we couldn’t exclude that more important for further direction of EURUSD movement will be next week’s FED meeting.
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