Overall view of EURUSD - Update of July 22nd week
A big week ahead with a series of news and stock earnings: The FOREX pair is close to a high demand level @1.12000 and has been consolidating since the beginning of the month. As the daily traded volume remains steady, volatility and a breakout move could be seen ahead especially with the Fed signalling a quarter-rate cut.
Possible target: 1.11400 (- 70pips) close to the low of the year.
Advice: Stay bearish and sell any high points while we don't break upside @1.12800
Possible target: 1.11400 (- 70pips) close to the low of the year.
Advice: Stay bearish and sell any high points while we don't break upside @1.12800
Trade closed: target reached
Target was successfully reached!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.