FxWirePro: EUR/USD (chart of the day)
Source: FxWire Pro - Technicals / 30 Jun 2020 11:18:01 America/New_York
Chart pattern- Lower high and higher low
The pair has formed first high at 1.14225 (Jun 10th, 2020), second high at 1.3534 (Jun 16th, 2020), and 3rd high at 1.13484 (Jun 23 rd 2020). It hits low of 1.11683 on Jun 19th and is hovering near 1.1200 level.
On the lower side, violation below 1.11683 confirms bearish continuation, a dip till 1.1100/1.10292 (50% fib of 1.06359 and 1.14225).
The near term resistance is at 1.1290 and the violation above targets 1.1350/1.1400.The minor trend reversal only above 1.14225.
It is good to sell below 1.11680 with SL around 1.1200 for the TP of 1.10300.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.