EUR/USD: JP Morgan advises selling under 1.0955 or buying above 1.1159

In a note published today JP Morgan believes that the fall of the EUR/USD at the market reopening has brought to light the support area of 1.0962/55.

"The area at 1.0962/55 will be particularly important as it will decide between a temporary downturn and a more important downtrend towards 1.0744 and 1.0698.

As long as the EUR/USD remains above 1.0955, the potential for a strong recovery towards 1.1699/1.1811 remains open, and in this regard, a break above 1.1159 would be a decisive factor in this direction."