Intraday technical levels and trading suggestions for EUR/USD for July 27, 2018 888011000 110888 Daily OutlookIn April 2018, the EUR/USD set outlook turned to become bearish when the pair pursued trading below the damaged uptrend in addition to the lower limit of the portrayed consolidation range.Shortly after, the rate zone (1.1850-1.1750)provided short-term bullish rejection towards 1.1990. The EUR/USD bulls cannot pursue to higher bullish targets. Rather, a descending high was developed around 1.1990. This was followed by bearishbreakdown listed below the rate zone of 1.1850-1.1750. This price zone has been standing as a significant Supply zone given that June 2018. On the other hand, the rate zone of 1.1520-1.1420 was thought about a popular need zone where a valid bullish BUY entry was provided during previous weeks’consolidations.On July 10, indications of bearish rejection appeared around 1.1750. That’s why, a bearish motion was anticipated to occur to 1.1650. Lack of enough bearish momentum permitted another bullish pullback to happen once again towards 1.1750 (the lowerlimit of the portrayed supply zone)where another episode of bearish pressure was started this week.That’s why, the EUR/USD pair stays trapped within the consolidation variety of 1.1750-1.1520 up until breakout happens in either direction.The material has been offered by InstaForex

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