18 Tháng bảy 2018, EUR/USD
Technical observation
In the recent times EUR/USD established a resistance zone 1.1742-1.1716 and is still below it.On Monday ,EUR pulled back significantly to the upper side but still below 1.1716.It could not breach above the zone hence a loss of the bullish momentum around the mentioned zone followed by downwards movements of price. If you sold this pair within 1.1742-1.1716 yesterday remain short with your ideal target set at 1.1520 and stop loss slightly above 1.1742,if you had not sold it yet, wait for a pullback to the zone to sell. I expect a rally to the support 1.1520 and a breakout below it for a further decline in price towards 1.1339.
Technical levels
Resistance levels
R1.1.1712
R2.1.1738
R3.1.1813
Pivot
1.1664
Support levels
S1.1.1637
S2.1.1587
S3.1.1512
Trade signal
Remain short.
Do you know against which currencies EUR is the most profitable?More trading assets here...