EURUSD Forecast And Technical Overview
- Powell’s testimony on monetary policy was quite optimistic pointing out the recent inflation readings are encouraging
- On the Euro side, we will have June inflation figures.
- On the US side, Housing Starts and Building Permits will be released.
As seen on the H4 Chart, EURUSD is breaking out the Bearish Triangle. The price moved below EMA 50 and EMA 100.
1.16270 is the first support. 1.15980 and 115670 and 1.15380 will be the next target of the pair.
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EURUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility