FxGrow Daily Technical Analysis – 3rd Oct, 2016
By FxGrow Research & Analysis Team
THE EUR EDGED UP AS DEUTSCHE BANK WORRIES WERE EASED
EUR/USD makes a correction atfter a dramatic drop that we witnessed last week, sideline next to Daily Pivot at 1.1235. EUR/USD dropped to it's lowest price 1.1153 since 22th of Sep but failed to break 1.1150 barrier as it was expected, then it started a bullish trend rallying to a high 1.1241 on Friday. Right now the EUR is moving a stronger than U.S dollar.
key levels to watch: trading at the daily pivot 1.1235
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