EURUSD Daily Chart Projection On ( July 4th 2022 )

DETAILED ANALYSIS

The EURUSD pair had just approached a long term technical support seen at @1.03650 – @1.03300. Basically it’s the third time approaching this support level. Price created a lower high @1.11900 which technically move price to create a new lower low (support). Price is still currently in a corrective phase as it has been identified in the above analysis.

OUR DIRECTION

Since price is still currently within the corrective market phase and hasn’t broken the current low (@1.03650) We would be anticipating for market to move to the upside.

LEVELS TO WATCH OUT FOR

Minor Resistance Level: @1.06250

Resistance Structure: @1.07900

Previous LH Level: @1.11000 – @1.11800

Thus if market breaks the identified support level. We expect the market to @0.99000