Market Cap:
$272.5B
BTC Dominance:
67.82%
btc:
$10380.98
eth:
$193.18
xrp:
$0.28
Advertise
Forex

EURUSD analysis - Euro heavily bearish below 1.1160

OctaFx | Jul. 26, 2019
EURUSD analysis - Euro heavily bearish below 1.1160

26 July 2019, OctaFX – The euro is starting to probe the middle of its three-day trading range against the US dollar as financial markets remain unimpressed with the lack of action from the ECB on Thursday.

EURUSD technical analysis 

The risk is now to the upside for the EURUSD pair, with a further short squeeze towards at least the 1.1210 level still possible. US GDP later today is likely to prompt the next strong directional move in the EURUSD pair.

  • The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1100 and 1.1050 levels. 

  • If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1185 and 1.1210 levels.

A picture containing fence, sitting, black</p><p>Description automatically generated

Disclaimer

This article was provided by OctaFX. It should NOT 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.