Europe’s common currency is holding a narrow range ahead of the ECB rate statement. EURUSD put up firm gains on Thursday as the dollar continued to retreat. What should sellers expect? Gain insight into this 26 July EURUSD Technical Analysis.
26 July, OctaFX – The euro currency trades higher against the US dollar on Thursday, following a positive outcome from US President Donald Trump’s meeting with EU trade negotiator Jean-Claude-Juncker.
The EURUSD pair now trades with a bullish intraday bias while price continues to hold above the 1.1724 technical level.
Buyers will now attempt to move the EURUSD pair towards the 1.1800 resistance level, while sellers will look to gain control of the EURUSD pair below the 1.1680 level.
26 July EURUSD Technical Analysis
- The EURUSD pair is only intraday bullish while trading above the 1.1724 level, key resistance is currently found at the 1.1750 and 1.1790 levels.
- If the EURUSD pair trades below the 1.1680 level, sellers will likely target the 1.1650 and 1.1630 support levels.
This article about 26 July EURUSD Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.