On chart H1 EURUSD we observe correction of recent increases. We can see that the price has tested a round level of 1.0700, where was an increased volume and candle testing that area closed above its half. No continuation of pressure of supply  increases probability of increases.

eurusdpro-eh1071216-1Currently we observe increasing volume, which is connected with  increases. Strong support is an area 1,0670-1,0700, confluency for this zone is a growing band of averages EMA (75-, 100- periodic) and 38.2% abolition of FIBO (measured from the low of 05.12.2016).  Resistance is on round level 1.0800.

Leave us a comment!

Ransquawk