FX.co - Burning forecast 07/16/2019 EURUSD and trading recommendation

2019-07-16T06:32:03

Relevance until2019-07-17

The momentum of a falling dollar, given by Federal Reserve Chairman Powell on a report to Congress, seems exhausted.

There is no strong news yet that can give a new impetus to the market.

Perhaps today at 12:30 London time, data from the US that is set to be released will increase volatility.

The market is waiting for an impulse from the Fed report "Beige Book" on Wednesday.

EURUSD: Choosing a future direction.

From the point of view of technical analysis, you can buy at a breakthrough up 1.1290 and then at 1.1325

Sales are possible with a break down 1.1190

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ Burning forecast 07/16/2019 EURUSD and trading recommendation