FX.co ★ Evening review on EURUSD for July 08, 2020

EURUSD:

As observed, the euro, again, attempts to break through the level of 1.1345.

Sellers rally around the said level in hopes to protect it.

There are two possible scenarios:

1) The euro breaks through 1.1345 and closes the day higher. Or

2) The attempt to break through 1.1345 fails and the euro turns down and falls sharply.

You may keep purchases from 1.1245, but the stop is moved to 1.1260, where a downward pullback is possible.

That is, from 1.1260 you may sell euros with a stop at 1.1305.