EURUSD Daily Outlook | July 15

15 ביולי 2022

Daily Outlook:

Previous day's bar eventually broke 0.99999 level and took price all the way down to 0.99528. As long as am concerned, the daily TF is showing more bearish signs where we expect wick fill by today's daily candle. I say that price may kiss 0.99500 today.


Intraday Outlook:

1. There seems to be a range between 1.00476 and 0.99794 zones where we want to see 1 HR break and closure above 1.00476 before we can open buy positions with targets as 1.00844 (37 pips) and 1.01193 (72 pips).
2. The break of 1.00134 is a good signs of bearish presence but must be confirmed by allowing 1HR price bar to close below the zone before we can comfortably take any sell position. Our target for bearish positions are gonna be 0.99794 (34 pips) and 0.99528 (60 pips)

Let me know what you think in the comment section.

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