FX.co ★ EUR/USD

Good start to the trading week. The price of EUR/USD dropped to the support area of 1.1700-1.1670. I've been waiting for this decline since last week. Now I'm interested in the reaction. I expect a resumption of growth from the mentioned zone and anticipate the price moving back towards 1.1735 and 1.1760 at least, as there are debt levels there. In the longer term, a general resumption of the bullish trend is likely, so I assume that within a month the price may rise to the highs around 1.1815 first, and then continue to renew highs in the 1.19 area. There should be many interesting publications during the week, including the US labor market data on Friday.