EURUSD → The morning gap is bought out. The bulls are aggressive

Jul 8

EURUSD opens with a gap down, but buyers are actively buying back the move. The nature of the market is bullish, but at the same time consolidation, as there is strong resistance ahead.



The fundamental background is favorable, there is no news today. Last week traders took well the fact of unemployment growth, within the framework of which active buying started.
Technically, on H4 a bullish distribution is forming towards 1.085, from which, after the initial testing of the liquidity area, a correction may follow. But in general, I expect the continuation of growth (rebound from 1.0816 or breakdown of 1.085).

Resistance levels: 1.0852, 1.091, 1.1
Support levels: 1.0816, 1.078

The nature of the market is changing and the bulls are actively holding key areas. The market is bullish and a breakout of the nearest resistance will favor the continuation of growth.

Regards R. Linda!

Jul 8

Note

Jul 9

Note

Retest 1.0816. Judging by the reaction, a struggle is forming for the area.
Bulls have a chance

Jul 11

Trade active

The fundamental background is favorable.
We expect to reach the target in the near future