Jun
26

EUR/USD D1 Technical June 26

EUR/USD is in bearish mood. The target for the pair is to face its support around 1.3006 level. Bollinger bands are also providing sell signals for the pair. Price action on 1.3006 level should be carefully handle.

EUR/USD can get a pull back from this zone D1 and H4 candle chart are showing group of buyers in this zone.  So if pair get a bounce from 1.3006 level and H4 candle closure above support, it will then provide a valid buy entry point and take profit at 1.3200 level.

On the other hand, If pair manage to break through its support level 1.3006 and H4 or D1 candle close below this level then it will show pair got more bearish strength that will allow pair to continue its movement towards southward.

 

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