InstaForex - Analytics


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    EUR/USD could teste the bottom

    According to my previous analysis of EUR/USD, the price failed to close below S2 (1.0953), which was the key support. This confirms that the trend is bullish and pair should be ready for a strong rally up now.

    Consider buying EUR/USD near S1 (1.1014). Only a daily close below a low hit on July 7(1.0912) would most definitely change the trend. But for now, the market shows the green light for bulls.

    Support: 1.1014, 1.0653, 1.0912

    Resistance: 1.1170, 1.1321, 1.1510, 1.1819


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