Technical analysis of EUR/USD 12/07/2022

The EUR/USD currency pair on (1D) within the upward correction found resistance at 1.0600 (38.2% Fibo) and is currently trading around 1.0470.

If the pair manages to consolidate above the level of 1.0600, technically it will mean the development of an upward correction with a target around 1.0930 (50% Fibo).

A signal to cancel the option to continue the upward correction will be a decrease in quotes below the low of 0.9535, which will indicate a continuation of the downtrend.


Created by Joshua Hayn

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