Performance for the Day

Last week, the market closed at the 1.1656 area on a positive note for EURUSD. The common currency was boosted on Friday by better than expected Eurozone Markit PMI data.  Price is expected to bounce to the 1.1715 area any time soon as the bullish momentum is expected to increase this week.

However, the 1.1500 psychological area is gradually becoming a strong support for the currency pair as it could not be easily breached by the Bears in the last four weeks. A wider range 1.1851 – 1.1507 appears to be forming as well on the daily chart as well.

The main focus tomorrow will be the German IFO data and U.S New Home Sales data on the macroeconomic calendar.

Trade Levels to Watch

A strong break above the 1.1715 level will signal more bullish correction of the pair to the 1.1822 area. A strong break below the 1.1585 area will signal a bearish move of the pair to the 1.1507 area.

1.1715 area

Caution: Forex trading is risky. It is advisable that you acquire enough experience before you start to trade with real money. Do not invest in money that you cannot afford to lose (it is important that you study leverage, lot size, and money management in Forex trading very well before you execute your trade decision).

To trade in the Forex Market you must first sign up with a Forex Broker. There are lots of Forex Brokers out there that offer good service to their clients. Services include tight spread, partnership amongst others. My preferred brokers are 1. Alpari ( and 2. FXTM ( You may sign up through any of the partner links above. You may also send me a mail in case you need me to guide you on how to sign up and start trading (

One Reply to “EURUSD: Next is the 1.17150 area! Mon 25-06-2018”

Leave a Reply

Your email address will not be published. Required fields are marked *