Market Analysis of EURUSD on Thursday, July 1, 2021

2021-07-01 14:20Source:BtcDana

Euro fell further against the dollar on Wednesday, hitting a new weekly low around 1.1845, as demand for the dollar remained stable, supported by a rebound in short-term yields. There are growing signs that COVID-19 cases are rising rapidly in Europe. Germany, France and other countries have imposed segregation restrictions on British tourists, and Berlin went further, calling on the European Union to take unified measures to require the quarantine of British tourists to the European Union. From a technical point of view, Euro's daily candle shows signs of weakening, and the daily candle is closed bearish consecutively. H4 graph shows continues decline and retracement, there is possibility of further drop.  All indicators are all bearish. Overall prioritise Sell on high on the fluctuation zone. The deciding point whether to buy or sell is near 1.1850.



https://asset.ycxfy.com/upload/file/1625068800000/1625123466092.png

Resistance:1.1880-1.1910-1.1950

Support:1.1810-1.1780-1.1730


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