After a bumpy week the Euro managed to gain in front of the US dollar. The Non-Farm Payrolls dissapointed the markets with a 74K reading and send the EURUSD to 1.3675 resistance.
On the 60 min. chart we can see that the price ha moved lst week between 1.3675 and 1.4560. Now there is a small Pennant right under the Key Resistance. If the price will break up then I expect a rally to 1.3730. On the other hand a drop bellow (or a flase breakout followed by a drop) the 1.3653 local support could send the price lowe to retest 1.3610. You can also see my full EURUSD analysis and forecasts on www.investazor.com.
On the 60 min. chart we can see that the price ha moved lst week between 1.3675 and 1.4560. Now there is a small Pennant right under the Key Resistance. If the price will break up then I expect a rally to 1.3730. On the other hand a drop bellow (or a flase breakout followed by a drop) the 1.3653 local support could send the price lowe to retest 1.3610. You can also see my full EURUSD analysis and forecasts on www.investazor.com.