Forex Trading Library

EUR/USD – 04.07.2024

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We are still holding our outlook for the EURUSD for the past few weeks as shown on our previous chart.

The Euro managed to initiate another advance yesterday and printed 1.0815 high.

Should prices hold above the support trend zone of 1.0650-75, then a further rebound could happen with resistance around 1.0850 and 1.0915.

Below 1.0650, a chance for a further drop could hit the market with supports at 1.0600 and 1.0450.

First Intraday support is at 1.0710.

SUPPORT RESISTANCE
LEVEL1 1.0715 1.0850
LEVEL2 1.0650 1.0915
LEVEL3 1.0600 1.0980

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