EUR/USD remains under pressure ahead of risky key events
The US dollar was extremely strong despite weak US payroll data and despite shrinking Fed rate hike expectations. The EUR/USD is awaiting the Greek GDP and British inflation reports this week. A close below the 23.6% Fibonacci retracement 1.1357 will strengthen the bearish movement and will open a lower leg toward 1.1330, 1.1290 and 1.1270 respectively.
However, the EUR/USD is awaiting further ECB actions and needs a push above 1.1455 in order to put an end to the bearish movement. This will open the door for an upward movement to reach next resistance levels 1.1485 and 1.1535.
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