Intraday technical levels and trading recommendations for EUR/USD for July 13, 2018 888011000 110888 Daily Outlook In April 2018, the EUR/USD pair outlook turned to end up being bearish when the set pursued trading below the damaged uptrend as well as the lower limitation of the depicted combination range.Shortly after, the rate zone (1.1850-1.1750)used short-term bullish rejection to 1.1990. The EUR/USD bulls cannot pursue towards greater bullish targets. Instead, a descending high was developed around 1.1990. This was followed by a bearish breakdown below the rate zone of 1.1850-1.1750. This rate zone has been standing as a considerable Supply zone because June 2018. On the other hand, the rate zone of 1.1520-1.1420 was thought about a prominent demand zone where a legitimate bullish BUY entry was used throughout previous weeks’consolidations.Hence, the EUR/USD set remains trapped inside a debt consolidation range in between the illustrated key-levels 1.1520 and 1.1800 up until a breakout occurs in either direction.Recent indications of bearish rejection around 1.1800 were currently manifested on the chart. That’s why, even more bearish movement towards was expected to 1.1650 at first. Next bearish target would lie around 1.1520. Please keep in mind that any bullish breakout above 1.1750 will probably improve further bullish development initially to 1.1850( low possibility). The material has been offered by InstaForex Company – www.instaforex.com

By | July 13, 2018

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