Daily Chart of the EURUSD Pair Breaks Support Zone
The daily bar chart of the EURUSD futures contract traded on Globex shows the market broke through the support zone as dollar bulls believe the employment statistics will keep the FED in a hawkish mode. The RSI is nearing the 38 level basis the daily chart. If the RSI turns up from above 38 on a closing basis, then the trading range is intact. An RSI reading below 38 on a closing basis sets the trend to down.
The morning view at the TradeFlow Chart for the EURUSD shows the price action in a trading range between a resistance zone and a support zone. At the moment, the TF5VCrs buy volume line (green) is above the sell volume line (red) and is indicating buying at these levels.