EUR/USD bears will need to reclaim prices below 1.1640 while bulls need a strong breakout above the 1.1700 figure in order to generate a bull reversal. Either sides are fairly balanced at the present moment. To the upside, immediate resistance is seen at 1.1660/65, followed by 1.1690 and 1.1705. On the flip side, support might lie at 1.1640, 1.1590 and 1.1550.
EUR/USD Daily Forecast - 4 July
The EUR/USD pair is about to end the day with modest gains, recovering most of yesterday’s losses. The euro is moving in a range between 1.1640 and 1.1665, holding a modest bullish bias. Price action remains limited as the US enters in a holiday mode. Wall Street is already closed and won’t open tomorrow. EUR/USD is consolidating in a triangle pattern that can potentially lead to a breakout in either direction.
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