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Will 1.3500 hold on EURUSD? 

Last Updated: July 25, 2019

By Rayner Teo

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On the weekly chart, we can see price has a confluence of an upward trend line and support area.

The weekly candle is not closed yet thus we could still see a potential hammer forming.

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On the daily chart, those who went long would have cut their losses when price took out the lows at 1.3470 area.

Would price break through this area or reverse from it would depends on German Flash Manufacturing PMI tomorrow.

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On the daily chart, I suspect there’s tons of stop orders below the 100.70 area.

I’m looking to get long at 100.50 with SL at 99.80

eg

And lastly our money making pair for the month, EURGBP.

I’m looking to add further shorts around the 0.7930 area with SL at 0.7950

Good luck and good trading folks!

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