Yesterday EURUSD high was 1.1667 and low was 1.1619 overall movements is 48 pips. Today expecting bearish trend and the first key resistance is 1.1655 and the key support is 1.1607. Keep an eye on Markit Manufacturing PMI at 08:00 GMT for Europe, Markit Manufacturing PMI at 13:45 GMT and Fed Chair Powell Speech at 15:00 GMT for the United States. All of these are major economic event for this currency today.
Preference: Short entry @ 1.1628 with targets at 1.1582 and maintain stop at 1.1659
Alternative: Long entry @ 1.1659 with target at 1.1701 and maintain stop at 1.1628
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