Technical Outlook EURUSD 29.08.2017- Updated

Technical Outlook EURUSD 29.08.2017- Updated

EURUSD – dents 1.1900 pivot on increased pressure after upbeat US jobs data

The Euro cracked pivotal supports at 1.1910 zone on fresh bearish acceleration after upbeat US ADP private sector jobs data (237K in Aug vs 183K forecast) inflated the dollar. The single currency came under increased pressure, generating stronger signals for completion of reversal pattern, forming on daily chart.
Close below 1.1900 is needed for confirmation and signal of deeper correction.
Rising daily Tenkan-sen (1.1889) is under pressure, with break lower to open pivots at 1.1841 (daily Tenkan-sen) and 1.1818 (Fibo 61.8% of 1.1662/1.2070 upleg).

Res: 1.1984; 1.2000; 1.2070; 1.2101
Sup: 1.1889; 1.1866; 1.1841; 1.1818