EUR/USD Trading Plan for July 10: Potential Pullback Amid Overbought Signal
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Economic calendar for July 10
Monday is traditionally accompanied by an empty macroeconomic calendar. No important statistical data is expected to be published in the European Union, the United Kingdom, and the United States. Therefore, investors and traders intend to rely on the incoming flow of information and news.
EUR/USD trading plan for July 10
Due to the technical overbought signal of the euro in the short-term and intraday periods, a price pullback is possible. To continue the current upward cycle, market participants need to overcome the resistance level around 1.1000. If the price remains consistently above this level, it may stimulate an increase in long positions.
