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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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.