FxGrow Daily Technical Analysis – 03rd July, 2017
By FxGrow Research & Analysis Team
EUR/USD Taking A break Before Further Advance, Eyes on Local Data
After a superb run for EUR/USD last week with 1.1445 high with technical indicators shows an over bought market, the pair showed a daily bearish candle on Friday and extended the correction phase on Monday's trading session with 1.1403 low, On the other hand, U.S Index is currently showing a minor recovery with 95.55 high tackling EUR/USD from further advance. Currently the pair is trading 1.1408 intraday, still above 10 EMA at 1.1360.
Fundamentally, the pair awaits Manufacturing PMI, both from EU first, followed by U.S in after noon which should impact EUR/USD levels.
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