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EUSUD Ranging before ECB Interest rate | June 7, 2017



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Eurusd is now on a range as ECB Interest rate is coming. This situation is not suitable for trading. You can trade here for scalping only. We may not get big movement before the announcement of interest rate. On H1, this pair is staying above 100 and 200 ema. We can take buy entry from lower support level. 1.1230-40 can be good buy zone for this pair for short time entry. 

Upper side resistance lies on 1.1283 level. If this pair can break this level, more bullish expected. We need to wait for a clear breakout of the resistance level to get bullish continuation movement on eurusd.

Support level: 1.1230, 1.1190, 1.1110

Resistance Level: 1.1283, 1.1350

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