Not much changed last week for the EURUSD amid a lack of market-moving news and light holiday trade. This week doesn’t promise to be much more exciting given the Monday holiday for many banks and non-farm payroll on Friday.
Markets have a tendency to move sideways into the highly-volatile event and this week promises to unfold in a similar manner.
As for the technical landscape, former channel support near 1.1140 will likely attract a bid if tested while the 1.1210 handle should act as interim resistance.
The tight quarters make trading the single currency against the greenback unfavorable at the moment. However, a ……Read full story