Volumetric analysis on July 30
On the EURUSD we see local outset, located in the global outset. This week there are a lot of fundamental events that will lead to volatility in the market. And it is worth to consider it. But today, there are no events, which means that the probability of currency pair trading in the outset is high.
We draw your attention to the fact that in England many events are planned for this week. But from a technical point of view, the downward movement, which began from the middle of last week, may continue. We should wait for the seller’s initiative and breakdown of the 1.3080 price mark, then the probability of further decline to 1.3050 and 1.2995 is increased.
No special movements took place on Friday, and we will pursue the past idea. Namely, the structure on this pair is a downward oriented. The probability of continuing the fall is great. The price range of 1.3095-1.3135, can be considered as a range where entry into the sale will be beneficial. The targets for the decrease may be support of 1.3040 and 1.2965
The currency pair is traded in the price range of 111.55 - 110.60. The probability of a price out of this outset is more logical. So, the trend structure will remain. But today, the day when special events are not planned, so the main movement for today, most likely, are the flat movements, within the designated boundaries.
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