EURUSD Daily Analysis – July 3, 2018

EURUSD stays in a trading range between 1.1508 and 1.1720. As long as 1.1720 resistance holds, the range trading could be expected to continue in a couple of days. However, a breakout of 1.1720 resistance could trigger further upside movement towards 1.1800. On the other side, a breakdown below 1.1508 support would suggest that the downside movement has resumed, then next target would be at 1.1300.

EURUSD 4-hour chart