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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