On the flipside, bears need to get below 1.1508-10 May-Jun lows, 1.15 barriers/ stops while the 1.1448/1186/0863 are key lower down as being the 2016-18 rising Fibo levels. Also, the 200-week moving average is at 1.1435 while 1.1186/1.0814 comes as the 61.8% and 78.6% retracements).
EUR/USD Daily Forecast - 3 July
- Monday, Jul 02 2018
Euro spent yesterday’s session in decline going all the way to 1.16 handle, where it managed to find some amount of support and rebounded in order to finish the session slightly above 1.1630 level. We expect similar session tomorrow, with focus on developments from Germany. The broader range remains between 1.1500 and 1.1850 with 1.1720 as first pivot to target through 1.1680. Thereafter, 1.1755 comes as the 23.6 per cent retracement fibo of the 1.2556 to 1.1508 2018 fall guarding the 30-day upper Bollinger band currently at 1.1819. 1.1855 guards territory to 1.20/1.21.