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EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 10,806; (S2)10,784; (S3)10,758; (P)10,833; (R1)10,855; (R2)10,882; (R3)10,904

After break today’s minor resistance on 10,882 we would expect continuation uptrend till another minor resistance level at 10,991. However just after today’s breakout 10,882 very strong price rejection just pushed the price to the lower band of uptrend channel. Break there will probably indicate test 10,784 with possible extension 10,727 level.


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