FxWirePro: EUR/USD holds well above 1.1400, jump till 1.1490 likely
Источник: FxWire Pro - Technicals / 15 июл 2020 06:12:24 America/New_York
Ichimoku Analysis (4- Hour chart)
EURUSD is trading higher for 4th consecutive days and jumped more than 150 pips. It hits the highest level since Jun on COVID-19 vaccine optimism. The Moderna Phase 1 trial results showed that the vaccine is safe and expected to start the Phase 3 trial on Jul 27th. But the rise in the number of new coronavirus cases and uncertainty about the EU fund might cap huge gains. It is currently trading around 1.14270.
The pair is facing significant resistance in the range 1.1450, any violation above targets 1.14990. Overall trend reversal only above 1.1500. The near term support is around 1.1401 (23.6% fib), the violation below will take the EURUSD till 1.13498/1.1300.
It is good to buy on dips around 1.14000 with SL around 1.1350 for the TP of 1.14990.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.