Long EUR within 1.1675-1.1667 | 25 July 2018

25 July 2018, EUR/USD

Long EUR within 1.1675-1.1667

Technical observation

Yesterday, EUR/USD retraced to the key supportive zone 1.1675-1.1667 twice but could not break below it, it was rejected then went up but not for long.Currently EUR is pulling back to 1.1675-1.1667 and I expect a rejection of it within the zone for possible bullish momentum towards 1.1744 and a breakout above it for a further rise in price. I would advise you long EUR within 1.1675-1.1667 with your ideal target at 1.1744 and stop loss slightly below 1.1667.In case of a clear breach below 1.1667, wait for a pullback to it to confirm bearish movement of price before you enter short positions towards 1.1585.

Technical levels

Resistance levels

R1.1.1749

R2.1.1754

R3.1.1767

Pivot

1.1744

Support levels

S1.1.1737

S2.1.1729

S3.1.1717

Trade signal

Long EUR within 1.1675-1.1667 with your ideal target at 1.1744 and stop loss slightly below 1.1667.

Do you know against which currencies EUR is the most profitable?

Long EUR within 1.1675-1.1667

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Imelda Maseno
Analyst of «FreshForex» company
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