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EURUSD Weekly Technical View Ahead of FOMC and NFP

Currency Pair – EURUSD (31July)

EURUSD Technical View Ahead of FOMC and NFP – 31 July

 

EURUSD reacted from the weekly Support 1.1107. The pair retested the daily low 1.1107 and manage to close above the support. According to the Weekly View, the pair is facing a support zone around 1.1107. Details on the above Video Analysis >

The nearer resistance at 1.1200 and at 1.1280. Now the price is heading towards those resistances. But a break of the support 1.1107 and close below it can invalid this scenario. The week is full of fundamental issues. There are FOMC event, NFP and those events can heavily affect the pair EURUSD.

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