EURUSD: Support and Resistance Levels | Daily Timeframe

4 ก.พ. 2022

EURUSD saw a considerable bounce higher after the ECB meeting yesterday. In theory, the ECB was quite dovish and bearish about the EUR, but nevertheless the price jumped considerably. Current market structure suggests a possible pullback in EURUSD to the support area = 1.1385 before advancing higher again towards the resistance box at 1.1600.

A breach and close below the 1.1385 will open up the Monthly Pivot at 1.1280, hence, pay close attention to pullbacks at 1.1385 (if they come after the NFP news).