Overall view of EURUSD major pair - Update of July 1st week

After consolidating and attempting to drive prices upper, EURUSD lost nearly 1% of its value mainly due to the G20 summit overcome. Thus many resolutions and agreements are in favour of the US economy especially the will not to impose additional tarifs on Chinese goods and the Huawei deal. Odds of a bear continuation remain high.

Possible targets: @1.12000 (+85 pips) and @1.11400 (+140 pips).

Advise: Stay bearish and sell any high point unless we break up the @1.13400 top level.

Trade chiuso: obiettivo raggiunto:

Target 1 @1.12000 was reached!