My previous analysis was very accurate. I established that lower limit of bullish regression channel will bring rebound. I wrote: “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“. Upward movement was very sharp and 4 resistances were broken (1.1160, 1.1220, 1.1270, 1.1330). Right now the price has reached important resistance at 1.1380.
Further upward movement should be continued and it is likely that EURUSD will test key level at 1.1490. A convincing daily close above 1.1490 will be a huge bullish signal.
YOU CAN START TRADING ON FOREX MARKET USING FREE XM BROKER ACCOUNT.
