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Vulnerable

EURUSD TECHS
  • RES 4: 1.2006 High Jun 29 / Jun 17
  • RES 3: 1.1955/75 50-day EMA / High Jun 25
  • RES 2: 1.1930 High Jun 29
  • RES 1: 1.1851/1881 High Jul 15 / High Jul 9
  • PRICE: 1.1791 @ 05:31 BST Jul 20
  • SUP 1: 1.1764 Low Jul 19
  • SUP 2: 1.1738 Low Apr 5
  • SUP 3: 1.1704 Low Mar 31 and a key support
  • SUP 4: 1.1603 Low Nov 4, 2020

EURUSD traded lower Monday but recovered off the session low. The outlook remains bearish. Yesterday's move lower resulted in a print below support at 1.1772, Jul 13, 14 low. A clear break would again confirm a resumption of the downtrend and maintain the current bearish price sequence of lower lows and lower highs. The focus is on 1.1704, Mar 31 low. Initial firm resistance is at 1.1851, the July 15 high.

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