We have left a critical week after Draghi’s speech and NonFarm payrolls data from US. As USD indice up trend, EURUSD prices had a strong pressure and got down to 1.0820.
EURUSD is currently moving near 1.088. For today it will be a calm day and there is no major effect to arrive. Technically EURUSD has got a 1.0945 resistance and below this level down trend continues. If so, we may expect 1.0780.
To be in long positions, we suggest to wait for the currency pair fall down to 1.0780 and a retracement begins. Or you can wait for the price to get over 1.0945.
Our current view is down trend is still active.