EURUSD - review from 15 Jul 2020 with key levels
So, today we have a nice spike in eurusd pair and ultimately touch key levels imho. Let's try to understand what next.
First of all market is still bullish with all this verbal games with virus plus EU fund and other clownish games.
Ultimately market targeting monthly falling trend channel and horizontal resistance at 1.1588-1.1631 on my cards. Can we break higher? I doubt atm, but... as usually we can not say for sure.
NDX still trying to climb
As we so close to the top levels imho it is risky to hold core longs and better to trade intraday key levels. In any case until 1.1360 - 1.1347 level holds now it is still bullish.
Watching 97.77 within DXY on the bottom seems the key theme now for direction.
Cheers!
Pls apply your own trading and mm rules in any case.
First of all market is still bullish with all this verbal games with virus plus EU fund and other clownish games.
Ultimately market targeting monthly falling trend channel and horizontal resistance at 1.1588-1.1631 on my cards. Can we break higher? I doubt atm, but... as usually we can not say for sure.
Watching 97.77 within DXY on the bottom seems the key theme now for direction.
Cheers!
Pls apply your own trading and mm rules in any case.
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