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EURUSD price analysis - Euro bearish below 1.1260

EURUSD price analysis - Euro bearish below 1.1260

17 June 2019, OctaFX – The euro has started the new trading week on the back foot against the US dollar after the pair suffered its worst one-day drubbing since March this year.

EURUSD technical analysis

Bulls now need to move the EURUSD away from the 1.1200 level and start to close the pair above the 1.1260 level ahead of the FOMC meeting. Weakness below the key 1.1200 level may prompt another technical test of the 1.1170 to 1.1155 zone.

  • EURUSD price is only bearish while trading below the 1.1260 level, key technical support is found at the 1.1200 and 1.1170 levels.

  • If EURUSD price trades above the 1.1260 level, buyers may test the 1.1280 and 1.1310 levels.

EURUSD price, EURUSD analysis, Euro bearish

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.

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