Jun
25

EUR/USD D1 Technical June 25

EUR/USD will remain in bearish trend under 1.3240 level.  The trading range for the pair is 1.3007-1.3240 level. Bollinger bands are providing sell signals for the pair. Price action on 1.3200-40 level should be watch. If pair manage to up towards north and test its resistance and H4 candle closure below resistance 1.3200 then it will indicate lack of bullish strength and will provide a valid sell entry point.

On the contrary, If pair manage to give a H4 candle closure below 1.3100 level then it will fall rapidly towards its next support 1.3007 level.

High impact News can affect the trend of EUR/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

 

Post comment