EUR / USD dropped this morning with the breakout of 1.1650, to go test the threshold of 1.1600. The rebound start was then accentuated by the publication of US construction data that disappointed. The movement finds for the moment a resistance towards 1.1650-60 that should be broken to get to 1.1675 then the 1.1700 resistance.
A return above the 1.1700 seems however necessary to revive upside risks in the short term.

On the downside, bearish pressures would resume in the event of a return below 1.1620 for a new test in the 1.1600 area. Below we will have 1.1580 and 1.1550, before the lows around 1.1530 / 1.1510.
Name:  Sans titre.png
Views: 3
Size:  29.2 KB