FX.co ★ Daily analysis of EUR/USD for July 22, 2016

Overview

The EURUSD pair has not shown any strong moves since morning still fluctuating around 1.1025 levels and holding steadily below 1.1067. The EMA50 keeps placing the intraday trading under negative pressure. Therefore, our bearish overview will remain valid and active for today. Its targets test 1.0938 mainly; this level represents an important key to detect the next destination on the short-term basis. The details of the expected targets of the upcoming period were explained in our morning report.