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FX.co ★ EUR/USD could teste the bottom

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Forex Analysis:::2015-07-08T10:59:19

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

EUR/USD could teste the bottom

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