EUR/USD was tracked bearish to 1.0988 and expected to remain sloped downward through nearest support level at 1.0911.

Dear Traders,

EUR/USD was tracked bearish to 1.0988 and expected to remain sloped downward through nearest support level at 1.0911.

Greenback generally gained traction against safe havens post-Brexit. Subsequently, EUR/USD was pressured to 1.0911. Meanwhile upcoming important news release for this weeks spotlights German CPI in June, Retail Sales in May, and Unemployment Change in June, followed by Spain Retail Sales in May and Italian CPI in June.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EURUSD