EURUSD: Year's High AHEAD!!! Key Levels & Scenarios

15 jul 2020

EURUSD is approaching a key daily structure resistance.
1.15 is year's high, short rally from that level was just crazy in march.

we don't know how the market will react this time, so we must be prepared for both scenarios:

in case of a bullish violation of the underlined resistance (daily higher high higher close)
the pair will most likely keep growing.
next midterm resistances will be:
1.155
1.160

if the structure will be respected (some reversal formation on lower timeframes)
the market may retrace.
closest midterm supports will be:
1.137
1.130


of course, bias right now is bullish, but it is too late to jump in.
let's patiently wait and see whats gonna happen.

16 jul 2020

Nota

check new analysis on EURAUD!!!