EUR/USD IN LIGHT HOLIDAYS

EUR/USD with light holidays

The U.S. economic calendar is light for what will be a holiday-shortened week. Initial Jobless Claims is to hold on coming Thursday; these numbers could command more attention to USD than usual and will be more forced as the FED's disappointed with August employment report. On the hand other hand, Euro-area inflation data surprised higher at the beginning of last week.

Currently EUR/USD tested 1.900 as expected, the price is testing 1.185 zone ( 23% Feb. R) If the price breaks 1.185 .look for short term selling opportunities.


Support - 1.1850
Resistance - 1.1975