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Jul 05 - 09:55 PM

EUR/USD - Strikes A Base - Range Remains Your Friend

By Andrew M Spencer  —  Jul 05 - 07:40 PM
  • Flat - no game changing weekend news - US coronavirus surges nL1N2EC043

  • Banks urge Britain and EU to sort out financial market access nL8N2EA3WN

  • French economy probably bouncing back faster than expected, BdF nL8N2EC0HM

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.1157, 38.2% April-June rise, a base and initial pivotal support

  • 1.1353 mid June high capped in late June - first significant resistance

  • London 1.1219 low and Thursday's 1.1302 high initial support-resistance

  • 1.1200-05 475M, 1.1210-15 1.1BLN, 1.1250 301M close strikes

  • For more click on FXBUZ

eur jul 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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