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EURUSD price analysis - Pair alternates gains with losses below 1.1300

OctaFx | Jul. 4, 2019
EURUSD price analysis - Pair alternates gains with losses below 1.1300

4 July 2019, OctaFX – The euro currency is testing towards the worst levels of the month against the US dollar, following more technical rejections from the 1.1300 resistance level.

EURUSD technical analysis

The four-hour time frame shows that a sustained break under the 1.1280 level is needed to provoke the next round of EURUSD selling. Key bearish targets under the 1.1280 level remain the 1.1255 and 1.1222 support regions.

  • EURUSD price is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels.

  • If EURUSD price trades below the 1.1280 level, key support is found at the 1.1255 and 1.1222 levels.

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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.

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