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EUR/USD Technical Analysis - July 11, 2017

ArgusFX

General Analysis

The EUR/USD pair oscillates within a stable formation between the range of 1.1380 and 1.1435.

EUR/USD buyers placing pressures at 1.1400

The buyers are now placing strong pressures above the 1.1400 area in their attempts of boosting the pair to higher areas.

Will it be bullish or bearish at 1.1400 in today's trading session?

Probable Scenario

In the scenario where the buyers overcome the sellers in volume, the price may resume as high as 1.1460.

Alternative Scenario

Alternatively, in the condition where the bearish formation takes over, the sellers might force the pair to lower areas, such as the 1.1335.

Today’s Key Events

There are no major releases on the euro.

The FOMC Member Brainard Speech and the FOMC Member Kashkari Speech are expected to have a medium influence on the U.S. dollar.

Read More

ArgusFX Review

Source: https://www.argusfx.com/en/research-education/market-analysis/technical/eurusd-technical-analysis-july-11-2017
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