EUR USD awaits the confirmation – Analysis -03/07/2015

The EURUSD pair continues to fluctuate between the trend keys mentioned yesterday represented by 1.0990 support and 1.1100 resistance, as the price needs to breach one of them to detect the next targets clearly, which makes us continue with neutrality until now.

Note that the markets might witness low volumes affected by the US holidays today, which might keep the price confined between the mentioned levels, while in general, we should note that breaching 1.1100 level will offer an initial positive factor that supports the chances of regaining the bullish trend that its main targets begin at 1.1440, while breaking 1.0990 support will extend the bearish correction to target 1.0880 level directly.

Expected trading range for today is between 1.0900 support and 1.1200 resistance.

Expected trend for today: Neutral