FX.co ★ EUR/USD: will it rise or go down?

EUR/USD

There was an attempted drop in the market the previous week because of the strong US jobs report, but it was bought out like the decline in the US market. Thus, euro opened the week higher, although there is not much expectation for a strong rise from the current levels.

Traders better sell from 1.0580, with stop loss at 1.0640. In the case of growth to 1.0640, sell with an increased volume and stop at 1.0710.

Euro can also be sold from 1.0580.

Good luck!