EURUSD H1 - Short Term

- This pair bounced back from 1.0777 to 1.1053 last week. Such rise is seen as correcting the fall from 1.1239 to 1.0777.
Important:
- 61.8% fib retracement of 1.1239 to 1.0777 at 1.1063 expected strong resistance to limit the upside movement. On the downside, a break of 1.0931 will turn bias to the downside for retesting 1.0777 low. However, sustained break of 1.1063 will raise the chance of larger reversal and target 1.1239 key resistance.

Regards, GOLDFXCC Team