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> EUR/USD Technical Analysis - June 22, 2017
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EUR/USD Technical Analysis - June 22, 2017

ArgusFX

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General Analysis

The EUR/USD seems to have acquired a bullish momentum after yesterday's upside movement from the 1.1115 area to the 1.1167 level.

EUR/USD key zone the 1.1167

Today's critical zone for the buyers is the 1.1167 zone where they will likely attempt to boost the price to higher levels, such as the 1.1227.

Can the sellers hold the pair close to the 1.1167 zone or will the buyers resume their lead?

Probable Scenario

In the condition where the pair continues to trade above the 1.1167 area, the buyers have greater probabilities of taking over the price.

Alternative Scenario

Alternatively, in the scenario where the sellers force the price below the 1.1167 area, the pair may aggressively decelerate as low as 1.1102.

Today’s Key Events

The euro zone’s Economic Bulletin and the Consumer Confidence (Jun) releases are expected to have a medium impact on the euro

The Initial Jobless Claims (June 16) and the Housing Price Index (MoM) (Apr) releases will likely 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-june-22-2017
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