Yesterday EURUSD high was 1.0564 and low was 1.0471 overall movements is 93 pips. Today expecting bearish trend to continue and the first key resistance is 1.0552 and the key support is 1.0458. Keep an eye on GDP quarterly report at 09:00 GMT for Europe, Core PCE Price Index yearly report at 12:30 GMT and Michigan Consumer Sentiment at 14:00 GMT for the United States. All of these are major economic event for this currency today.
Preference: Short entry @ 1.0508 with targets at 1.0438 and maintain stop at 1.0556
Alternative: Long entry @ 1.0556 with target at 1.0634 and maintain stop at 1.0508
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