EURUSD → The bulls can take us to 1.100 ↑

Jul 15

EURUSD maintains a bullish structure. Ahead is the key resistance from which a pullback may follow before further growth.



On Saturday, there was high-profile news related to the attack on former US President Trump. The markets expected a more violent reaction from the opening, but in general only a small gap was created and it was dealt with rather quickly. Accordingly, the situation is stable. Fundamentally, everything is positive enough with the aim of continuing growth, but today at 16:30 GMT Powell speaks and it is worth to pay attention to his speech.
Technically, the key resistance at 1.0916 is ahead, from which a pullback may follow, as this strong area will not be broken at the first time.

Resistance levels: 1.0916
Support levels: 1.08522

There is a high probability of a rebound from resistance. As part of the correction, the nearest liquidity area may be tested before the subsequent retest of resistance, breakout and growth to 1.10

Rate, share your opinion and questions, let's discuss what's going on with EURUSD ;)


Regards R. Linda!

Jul 15

Trade active

A false breakdown of strong resistance is formed

Jul 17

Trade active

Consolidation

Jul 18

Trade active

Good realization.
Correction after a false breakdown and further growth from the specified support zone, which brought us to the local maximum of 1.095
If the bulls hold the indicated support zone, the growth may continue