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EURUSD price analysis - Euro bulls targets 1.1400

OctaFx | Jun. 28, 2019
EURUSD price analysis - Euro bulls targets 1.1400

28 June 2019, OctaFX – The euro has broken to the upside against the US dollar after moving above a well-defined wedge pattern the pair had been trapped in.

EURUSD technical analysis

EURUSD bulls need to break the 1.1400 level to further encourage technical buying towards at least the 1.1440 level. The release of data from the US economy later today and G20 news will be the main driver for the pair going into the weekend.

  • 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 1.1380 level, key support is found at the 1.1360 and 1.1347 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.