EUR/USD

EUR/USD

EUR/USD finally made a breakthrough and reached the highest levels in over a year. Is this the beginning of a longer trend? The first week of July features PMIs and the ECB meeting minutes. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD

The AUDUSD pair has a good resistance, it is the reverse for the EURUSD! We are looking at a good support this week for the EURUSD and the level here to take note would be 1.140. It is however, noteworthy to mention that this level is found on the M15 chart and an attempt to break below it would not have to be extremely strong for it to succeed! It is however still possible to take 30-40 pips away as profits for this trade.

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