EURUSD Daily Analysis – July 2, 2018

EURUSD failed to break below 1.1508 support and moved sideways in a trading range between 1.1508 and 1.1720. As long as 1.1720 resistance holds, the sideways movement could be expected to continue in a couple of days. On the upside, a breakout of 1.1720 resistance could take the price to 1.1800 area. On the downside, a breakdown below 1.1508 support could trigger further downside movement towards 1.1300.

EURUSD 4-hour chart