01/07 – EURUSD outlook eyes on 1.1145


01 July, AtoZForex.com, Milano — Technically Daily EURUSD outlook with eyes still on the 1.1145 level. (5:15GMT)

NEWS THAT CAN HAVE AN IMPACT:

  • EUROZONE GERMAN MANUFACTURING PMI (08:55)
  • U.S. ADP NONFARM EMPLOYMENT CHANGE (13:15 GMT)
  • U.S. ISM MANUFACTURING EMPLOYMENT, ISM MANUFACTURING PMI (15:00 GMT)

This week is the Nonfarm Payrolls week, hot fundamentals days starting from today:

TOMORROW
U.S. Nonfarm Payrolls, Unemployment Rate (13:30 GMT)

Chart 1: Daily EURUSD, EURUSD outlook Chart 1: Daily EURUSD eyes on 1.1145 (Click on the image to enlarge)

After the 1.1145 support test (happened yesterday), my S/R setup is confirmed:

First resistance: 1.129 (Friday’s low, fibo arcs)

if First resistance’s breakout then ->
-> Second resistance: 1.1355 (converging H4 trendlines)

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Chart 2: H4 EURUSD, EURUSD outlook Chart 2: H4 EURUSD (Click on the image to enlarge)

if breakout then ->
-> Third resistance: 1.1450 (weekly trendlines, May’s high)

First support: 1.1145 (H4 trendlines, fibo arcs)

if First support’s breakout then ->
-> Second support: 1.1064 

if breakout then ->
-> Third support: 1.098

if breakout then ->
-> Fourth support: 1.088 (weekly trendlines)

if breakout then ->
-> Fifth support: 1.0815 (converging H4 trendlines, fibo arcs)

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