Jun
24

EUR/USD D1 Technical June 24

EUR/USD is under pressure. Bollinger bands are providing sell signals for the pair. Below 1.3170 level pair will remain in bearish trend. The expected target for the EUR is 1.3015 level.

But there can be two scenario. First, If EUR/USD manage to break through 1.3170 level and H4 candle closure above resistance then pair will further move upward. Secondly,  If pair get a pull back from resistance zone and H4 candle closure below 1.3170 then it will provide a valid sell entry point targeting towards support 1.3015 level.

High impact News can change the scenario. News like German Ifo Business Climate.

 

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