After a heavy drop in April and May, the EURUSD pair remained almost flat for the month of June. The pair tried to penetrate the 1.1530 level multiple times but failed and for now it seems as though the pair is holding above the 1.1640 support and is eyeing on the 1.1725 price level and once that breaks it might move up to test the 1.1850 price level which is the resistance zone from the where the pair fell sharply after the recent ECB conference where it was reiterated that the APP will remain intact at least up to the September 2018.


So for the coming week I'll be looking at the 1.1640 level, if that hold then I might look to buy with first target at 1.1725 and the next target at 1.1850 and my stop loss below 1.1610.

And on the downside, if the pair breaks below 1.1640 then I will look to sell with stop loss above 1.1655 and target around 1.1530 .
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