The EUR/USD is trading lower, weighed down by a weaker than expected German PPI report, and the narrowing of the EMU current account. The EU and the UK agreed on a timetable for Brexit, while the Fed’s Rosengren discussed the need for higher rates.link

EURUSD DAILY

As of this writing , price is currently sitting at MPP and it looks like a strong support .

Source: 20-6-2017

EURUSD H4

Price is currently sitting at the bottom of the range and one can use the range trading strategy.. Range between 1.128 and 1.112.

Source: 20-6-2017

EURUSD H1

We can expect bulls to buy at this bottom of the range and looking at the 21EMA , some bears might look to enter. If not at the 21 ,bears will look to send showers at WM2 role reversal.

Source: 20-6-2017

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.