EUR/USD, the bulls hold the line!

mario urlic eur-usd 08.09.

Friday and NFP move was very interesting to follow, isn’t it!? Well, as I pointed, 1.1090/110 has defended for now and the pair manage to reach 1.1230 resistance during the Asian sesion in early Tuesday, the resistance level I pointed in my EUR/USD analysis from September 03. The pair retreated now at 1.1165/75, the level which hold the pair on the way up yestreday. There is M30/MA200 and H1/MA100 at this level as well, up trendline, which could help the buyers to push the pair back up again. If the bears break this, 1.1130/40 could help, 1.1090/110 is strong support. On the way up, first resistance level at 1.1230/40 have ‘help’ from H1/MA200 and H4/MA100. Above that level, there is daily MA200 at 1.1266, which could be a huge problem on the way to 1.1300.

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