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.

EURUSD_STPDaily

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (2 votes cast)
5.0 out of 5 based on 2 ratings

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>