EUR/USD Daily Forecast - 28 June

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Wednesday, Jun 27 2018

EUR/USD Daily Forecast - 28 June

The EURUSD is trading to new session lows and in the process is retesting the November 2017 swing low at 1.15526. That low was broken in May with a move to 1.1509. In June, the level was broken again with a swing low at 1.1507.

A break of the 1.15526 level will have traders eyeing the double bottom at the 1.1507-09 area. If broken, the price would next target the 1.14472 level. That is the 50% of the move up from the January 3rd, 2017 low.

More in this category: « GBP/USD Daily Forecast - 28 June AUD/USD Daily Forecast - 29 June »

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