A test of 1.1181 looks likely while at 1.1258

8 July, 2019

EUR/USD remains under pressure at the beginning of the week and is flirting with the 55-day SMA in the 1.1230 zone.

In the meantime, another visit to the 1.1180 area stays well on the cards as long as the 100-day SMA at 1.1258 caps the upside .

Further up emerges the more relevant hurdle at the 200-day SMA at 1.1330. Above this area, the pair is expected to shift its focus to monthly tops near 1.1420.


Source   Presented by HYCM
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