Friday, June 29, 2018

EUR/USD Higher

The EUR/USD pair is trading higher in today's session just a few hours before the opening of the US trading session. The pair reached a low of 1.1530 yesterday and since then it's climber up to 1.1653.

The pair is still in bearish trend as it would take strong EU fundamentals in order to break the predominantly bearish sentiment over the pair.

First bull target is seen at 1.1712 which would mark a double top on the short term. Second bull target is seen at 1.1900 and major target is the breakout of the bearish trend at 1.2250.

No major news are scheduled to today so we could see mostly technical trading.

Chart: EUR/USD H4


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7 comments:

  1. UnknownJune 29, 2018 at 7:15 PM

    The pair is showing good up moves.

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  2. UnknownJune 29, 2018 at 8:10 PM

    The sideways consolidation will likely continue into next week.

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  3. UnknownJune 29, 2018 at 9:37 PM

    Let's see how it will develop next week.

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  4. UnknownJuly 1, 2018 at 8:11 PM

    Looks like it will keep pushing higher.

    ReplyDelete
  5. UnknownJuly 2, 2018 at 2:14 AM

    It seems to be a good time to go long.

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  6. UnknownJuly 2, 2018 at 8:10 AM

    It might be change of the trend.

    ReplyDelete
  7. UnknownJuly 5, 2018 at 5:44 PM

    Excellent information to keep in mind.

    ReplyDelete

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