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10.07.202016:02 Forex Analysis & Reviews: Evening review on EURUSD for July 10, 2020

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EURUSD

The morning hike moved at a slow pace, thus showed that buyers have no strength in the euro.

They updated the June maximum by as much as 20 pips and then collapsed to 1.1255 which is 120 points down. Thus, did not justify a potential growth.

However, during the downward trend, the sellers reached a three-day low which exhausted their strength. This opened the opportunity for the buyers to pull the euro on an upward trend. At present, there are shifting trends so the bottom line is, the direction is unclear.

You may consider purchases from 1.1370.

Sell from 1.1250.

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