Technicals

EUR/USD Fundamental Outlook at 1500 GMT (EST + 0500) How Long Can the Dollar Remain Strong? Forex and Dow Jones recommended levels More EUR/USD

EUR/USD 1.5712 - 4 July

The Euro dropped significantly yesterday against the US Dollar from yesterday's top 1.5898 to today's bottom 1.5675 on the US Unemployment Claims, Rates, and Nonfarm Employment Change announcements, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.5630, followed by 1.5560. In upward direction next resistance for today is expected at 1.5950, the break of which would lead to next target 1.6000.

Technical resistance levels: 1.5900 1.5950 1.6000

Technical support levels: 1.5675 1.5630 1.5560

Yesterday we made +24 pips profit on EUR/USD from the following signal:

6:00 GMT+1 Buy EUR/USD at 1.5866 SL 1.5840 TP 1.5916 exited 8:01 GMT+1

Total yesterday +107, as shown at www.zifx.com/performance.php