On daily TF, it formed a double bottom pattern.
After Friday's impulsive move we expect some correction before going up.
First target will be 1800, then later proceed to 1900.
After NFP bears gained momentum. But we have a strong support zone @1.17030.
Now the focus shifts to the consumer index. If todays news will be positive for the dollar, bears might gear up for a breakout.
EURSD, was bullish the whole of last week.
Right now it has no clear structure.
Traders trading this pair should focus fundamentals.
Analysts predict positive NFP, this pair might keep selling.
Monthly candle rejected and retraced(50% rejection).
On lower time frames there is a strong support at 1795 area(Our former resistance is now our support).
Resistance at 1809 area, if price breaks this zone, we buy up to 1815 area.
