EUR/USD, sellers on the run!
And that’s exactly what I wrote in my previous analysis if the buyers failed again at 1.1500! Shooting star and fail brake on Tuesday, May 03. returned the pair in the favor of the bears. As I wrote in my EUR/USD analysis from May 02., that was possible last chance for the buyers to break that level, but they didn’t manage despite that they have reached huge stops above the resistance at 1.1500/35 on May 03. The pair close the day at 1.1495 and continue to slide back in the last two days, with 1.1385 low today. This level was previous resistance level from late April and the pair stoped fall at the moment, but it’s question can the buyers react stronger in this level!? Sellers could try to reach much lower levels now, possible 1.1150 until the end of the week. Yes, we have NFP tomorow, but I don’t see that the data could harm US dollar too much, if the same will not be extremely low!? First support at 1.1385/400 holds for now, 1.1320/40 is the second one and next target for the sellers, while the buyers are ready and waiting.