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EUR/USD Flirts With 1.1200 Ahead German Ifo Report

Jun 26 2017, 01:54 PM (+06) | FxGrow.com

FxGrow Daily Technical Analysis – 26th June, 2017
By FxGrow Research & Analysis Team

EUR/USD Flirts With 1.1200 Ahead German Ifo Report


EUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1-pip (1.1201 high). Technically the pair is still trading above 10-EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.

On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...


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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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