EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
EUR/USD: a temporary bottom
Information is not investment advice
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835). The correction to the upside may take the euro to 1.0910/1.0937 (100- and 50-period MAs).
On the H1, the pair’s trying to get above the 100-hour MA at 1.0857. The successful advance above this line is needed to trigger the mentioned bullish move. Support lies at 1.0854 and 1.0805. The slide below the latter, will open the way back down to 1.0770.
Trade idea for EUR/USD
BUY 1.0865; TP 1.0910; SL 1.0850
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
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Stocks futures rose on Monday, indicating a higher start to the first session of August.