The EUR/USD didn’t proceed to commerce within the channel down sample. Specifically, after holding for 5 hours, the higher pattern line of the sample failed and was handed. By the center of Tuesday’s buying and selling hours, the pair had reached the mixed resistance of the 100-hour easy transferring common and the resistance of the June 7 and 10 low ranges close to 1.2150.
Within the case that the resistance ranges close to 1.2150 maintain, the pair might retreat to the help zone of the June low ranges within the 1.2095/1.2105 zone. Afterwards, the weekly S1 easy pivot level at 1.2062 might be reached.
However, a possible surge above 1.2150 would instantly face the resistance of the 200-hour easy transferring common at 1.2157. Above the SMA, the weekly R1 easy pivot level at 1.2188 might present resistance.