EURUSD: Downtrend in an uptrend!
Updated
The EUR/USD pair traded calmly within a range of 50 pips on Monday, maintaining its upward momentum. After meeting buyers around 1.1200 early in the week, EUR/USD fluctuated around the 1.1240 level as the US session ended.
The optimistic sentiment was partially overshadowed by warm data from China, as Q2 GDP missed expectations by printing at 6.3% YoY. Despite scarce macroeconomic calendar for the rest of the day, the US dollar remained weak, especially during the US trading hours.
Support levels: 1.1180 1.1150 1.1110
Resistance levels: 1.1250 1.1295 1.1230
The optimistic sentiment was partially overshadowed by warm data from China, as Q2 GDP missed expectations by printing at 6.3% YoY. Despite scarce macroeconomic calendar for the rest of the day, the US dollar remained weak, especially during the US trading hours.
Support levels: 1.1180 1.1150 1.1110
Resistance levels: 1.1250 1.1295 1.1230
Trade active
SELL EURUSD zone 1.12500 - 1.12700SL: 1.13000
TP: 1.12000
TP: 1.11500
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