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EURUSD price analysis - Euro bounces from 1.1347

OctaFx | Jun. 27, 2019
EURUSD price analysis - Euro bounces from 1.1347

27 June 2019, OctaFX – The euro has held key support against the US dollar during the European trading session, with the pair once again bouncing from the 1.1347 level.

EURUSD technical analysis

US GDP and Housing data are next market movers for the EURUSD pair, with a clear break of the 1.1347 to 1.1400 range now needed. Technical indicators on the four-hour time frame have now corrected from extreme overbought levels.

  • If EURUSD price trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels.

  • If EURUSD price trades below the 1.1347 level, key support is found at the 1.1321 and 1.1290 levels.

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.