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13 July EURUSD technical analysis
13/07/2017
13 July EURUSD technical analysis

This 13 July EURUSD technical analysis from ADS Securities will guide you in your trading routine. What to expect from the Euro pair today?

13 July, ADS Securities – The Euro traded in the red against the US Dollar in the prior session, despite Eurozone’s industrial output recording its fastest growth in six months for the month of May.

13 July EURUSD technical analysis

As of now, the pair is trading with an upward bias on the 1H chart, indicating at the positive momentum in the coming session. In addition, the MACD indicator has witnessed a signal line crossover from below, further validating the above view.

The key technical obstacle is situated at the 1.1465 level, followed by the 1.1490 and 1.1530 levels. A break and stability above the latter might lead to bullishness in the pair. On the flipside, key support is located at the 1.1410 level, followed by the 1.1385 and 1.1355 levels. If the latter fails to hold, it might trigger further negativity in the pair.

13 July EURUSD technical analysis

ADS Securities Risk Disclaimer

Trading foreign exchange, foreign exchange options, foreign exchange forwards, contracts for difference, bullion and other over-the-counter products carries a high level of risk. Hence, it may not be suitable for all investors.

All opinions, news, analysis, prices or other information contained in this communication are provided as general market commentary. It does not constitute investment advice. Nor a solicitation or recommendation for you to buy or sell any over-the-counter product or another financial instrument.

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