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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