EURUSD Under Pressure ,1.3127 – 1.3175 Are Important Levels !

EURO-Dollar-min

The EURUSD maintained a bearish momentum the past 12 hours, now pressure will be on the key support 1.3127, the EURUSD will have to hold below the 1.3127 levels on a 4 hour closing basis, to push the market for further downside losses, If seen, It will target the 1.3048 levels where a  breach will turn focus on the 1.2922 levels.

Alternatively, a failure to hold below the 1.3127 levels, could mean a return to the 1.3175 levels, break of 1.3175 on a 4-hour closing basis, will reverse risks to the upside and pave the way towards the 1.3240/1.3300 levels.

In all, as long as the 1.3175 levels hold, on a 4-hour closing basis, the pair is likely to remain under pressure with risk towards 1.3048/1.2922 levels.

MARKET DATA

UPCOMING ECONOMIC EVENTS

3 COMMENTS

  1. Check out the chart posted above , I made a note that it’s a UK summer time,GMT+1, you can use any broker with GMT +1 hour , or I think all / most of UK brokers use British Summer Time (BST) such as One Financial Markets, or Alpari UK…….

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