EURUSD bounces back at strong support , forming a new low at 1.12576 for the year 2019 after a long bearish trend since the start of February. In the US docket, the NFIB index dropped to the lowest level since Trump assumed office, while December JOLTs Job Openings and the API report are due later. In addition, Fed’s J.Powell and KC Fed E.George are due to speak. Bulls can be seen piling up after the long term upper trendline is broken at 1.13000 for further upward movement. Meanwhile this spot can change the direction in favor of the bears to test the November 2018 low at 1.12100.
EURUSD Today:
Daily open: 1.12756
Daily Last high: 1.12974
Daily Last Low: 1.12576
Daily current growth: +0.16%
