Participant

The price wasn’t able to reach the major support area (1.0462 – 1.0483) and now is moving higher again. As you can see from the H4 chart, the price is trading above the resistance from 1.0712, the pair is moving sideways, so, I’m expecting to see the price at resistance (1.1052) again and maybe this time we’ll have a breakout.The Unemployment Claims indicator has grown from 282K to 294k. The rate has also broke the upper median line (UML) of the descending pitchfork, maybe will try to test this line and then to resume the upward movement.

eur

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