Intraday Analysis For EUR/USD, June 26-29

The current area just under $1.12 is filled with buyers who are defending the support area.

Yesterday’s EURUSD chart analysis

EURUSD yesterday did not do anything clear that would guide us in some way. Looking at the daily time frame we can see an indecision candle. It means the price did not find its way in any direction.

In the H4 time frame we can see the price has done some bouncing between two levels as mentioned in yesterday’s analysis.

Large wicks on the candles where we have one bullish Pinbar candle tells us that the current area around $1.11871 is filled with buyers that are defending the support area. 

EURUSD Chart Forecast

Friday did not give us any clear signal that we could use for further trading decision. With a daily indecision candle and without a clear signal on the H4 time frame we are left to wait and see what will happen on Monday.

The price has closed in the middle of H4 candles which means there is no clear strength from buyers or sellers.

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