EURUSD Technical Analysis July 15th

By: Investija
EURUSD moved up again above 1.4000, but next resistance line at 1.4046 for a moment stays firm. It is hard to give any clear technical picture for this pair. This is due to very choppy market. Still, 1.4046 resistance line remains important and last picture what we see is narrow channel up. Is possible to take a risk and sell near the upper channel line, especially now, because it matches resistance line, but safer option is to sell after lower channel line will be broken. Above the resistance line 1.4046, bulls will take complete control.

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