Pair is likely to find some amount of support around 1.1630 and 1.1580 area, while next major resistive points are above 1.1710 and 1.1750 handle. Long-term looking, if we see break below 1.15 handle we would be sellers for this pair. Buying is not an option until we see decisive break above 1.18 handle.
EUR/USD Daily Forecast - 2 July
- Friday, Jun 29 2018
Euro spent Friday’s session in an uptrend breaking above 1.1650 handle. The relief rally in the EUR that followed the news that EU leaders have reached a deal on migration at the June summit suggested that political anxiety had been a contributing factor behind the currency’s recent softness. As for Monday, we expect a bit of consolidation after this big movement on Friday.