Technical analysis of EUR/USD for July 24, 2018 888011000 110888 Overview: The EUR/USD set continues to move down from the level of 1.1752. Besides, it must be noted that the level of 1.1752 accompanies the pivot point. This week, the set has dropped from the level of 1.1752 to the bottom around 1.1678. Today, the very first assistance level is seen at 1.1694, the cost is moving in a bearish channel now. The rate has been set listed below the strong resistance at the level of 1.1752, which coincides with the 50% Fibonacci retracement level. This resistance has been turned down several times confirming the accuracy of a sag. In addition, the RSI begins indicating a downward pattern. As a result, if the EUR/USD pair has the ability to break out the very first assistance at 1.1694, the marketplace will decrease further to 1.1623 in order to test the weekly support 2. The market is likely to reveal signs of a bearish pattern. So, it will ready to sell below the level of 1.1752 with the very first target at 1.1663 and even more to 1.1566. However, stop loss is to be positioned above the level of 1.1810(61.8 %of fibonacci retracament levels, golden ratio ). The product has been offered by InstaForex Business- www.instaforex.com

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