Market Analysis of EURUSD on Friday 2 July 2021

2021-07-02 14:50Source:BtcDana

USD hit a three-month high on Thursday, the trading range is narrow, and EURUSD dropped quickly. EURUSD fell below 1.1850 which is the lowest intraday level in two months. The overall inflation rate in the Euro Zone is 1.9% which is lower than the ECB's target, but is expected to return to above target levels. France has postponed the lifting of anti-epidemic restrictions, fearing a fourth wave of epidemics, which makes the economic prospects of the Euro Zone worrying. From the technical point of view, Euro’s daily candle closes with a doji pattern and is expected to be bearish. H4 graph shows a rapid rise followed by a drop and the indicator shows a bearish sign. Overall prioritise operation on the fluctuation zone. Currently the focus is at NFP data. The deciding point whether to buy or sell is near 1.1837


https://asset.ycxfy.com/upload/file/1625155200000/1625211364754.png

Resistance:1.1880-1.1910-1.1950

Support:1.1837-1.1800-1.1750

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