Trading Plan for EUR/USD for July 26, 2018 888011000 110888 Technical outlook: There is a slight modification in the outlook here that was presented 2 days back. The EUR/USD set may be trading in a consolidating triangle for wave(4 )of the bigger degree talked about the other day. Till the time costs stay below 1.1780 levels, the above count shall remain legitimate. Any push above 1.1780 levels would postpone the procedure of dropping lower from here; rather it would want to drop from 1.1850 levels then. A high probable trade setup from here might be on the south side with prospective risk around 1.1780 levels. Immediate resistance is seen at 1.1750 levels, while interim assistance is at 1.1528 levels respectively.Any break listed below 1.1650 levels would impart more confidence on the bearish side.Trading plan: Exit longs taken yesterday. Remain short from here with stop loss above 1.1780 levels.Fundamental outlook: Watch out for ECB rate decision at 07:45 AM EST followed by President Draghi’s press conference at 08:30 AM EST.Good luck!The product has been provided by InstaForex

By | July 26, 2018

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