technical outlook for eurusd usd

Technical Outlook For EURUSD & USDJPY for 2/7/2015

The EURUSD tumbled below its support of 1.1115 which now becomes resistance and if it goes below the 1.10 level, we could see this pair test the 1.0950 level. With the US Non Farm payroll to be announced today, this could be the spur in the market to go lower. The USDJPY bounced higher after hitting support of 122 on Tuesday. Its currently testing the 123.20 level and if it gets beyond this then the 124 level.

The EURUSD tumbled below its support of 1.1115 which now becomes resistance and if it goes below the 1.10 level, we could see this pair test the 1.0950 level. With the US Non Farm payroll to be announced today, this could be the spur in the market to go lower.

The USDJPY bounced higher after hitting support of 122 on Tuesday. Its currently testing the 123.20 level and if it gets beyond this then the 124 level.

Haroun Kola avatar
Haroun Kola logo

Haroun Kola

Forex Affiliate