FX.co ★ Technical analysis of EUR/USD for July 24, 2014

Forecast:

• According to the previous events, the price of the EUR/USD pair has still been moving between 1.3450 and 1.3550.
• The level of 1.3454 is representing the double bottom, and the weekly support 1 is set at the same level.
• Buy above the price of 1.3454 in the long term with the first target at 1.3512. It might resume to 1.3577 if the trend will be able to break the weekly pivot point at the price of 1.3551.

Notes:

• The double top will set at the level of 1.3605.
• The major support is going to set at 1.3459.
• The price has not hit the weekly pivot point.
• We expect a range of 68 pips today.