01.07.202009:08 Forex Analyse & Reviews: Trader's diary for July 01, 2020

Exchange Rates 01.07.2020 analysis

EURUSD

The euro is currently in a narrow range. There is a possibility of a strong exit and a large movement upon the publication of the US economic report for the month of June.

The ADP employment report is expected at 12:15 UTC, and the ISM index for the month of June is expected at 14:00 UTC.

A strong data is expected, however, this may push the euro up and down, almost unpredictably.

Buy euro from 1.1290.

Sell from 1.1189 with stops at 45 points and take profit at 100 points.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Uitgevoerd door Sam Alan,
Analytische expert
InstaForex Group © 2007-2020
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