EUR/USD analysis for July 09 2020 – Fake breakout of the reisstance at 1.1350 and potential for further drop towards 1.1265
Technical analysis: EUR/USD has been trading downwards. The price tested the level of 1,3160. I see potential for the further drop due to the fake breakout of the resistance at 1,1346. Trading recommendation: Watch for potential selling opportunities due to the fake breakoujt of the resistance at 1,1346 and rejection of the Fibonacci expansion 100%. […]
