Technical analysis of EUR/USD 02/07/18

The currency pair EUR/USD continues to move within the framework of the ascending channel. At the moment, a support level test near the 1.22 area is likely, from which traders should expect a rebound attempt and continue the pair’s growth with a target above 1.2540.

Cancellation of the variant of growth of quotes of the European currency will be a breakdown at the level of 1.2150, which will indicate the breakdown of the lower boundary of the channel and MA200 to continue the fall of quotes below the level of 1.21.


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