Technical analysis of EUR/USD for July 27, 2018 888011000 110888 Introduction: The EUR/USD set continues to trade downwards from the level of 1.1752 (pivot). Besides, it must be kept in mind that the level of 1.1752 coincides with the pivot point. This week, the set has actually 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 relocating a bearish channel now. Furthermore, the rate has actually been set below the strong resistance at the level of 1.1752, which coincides with the 50% Fibonacci retracement level. This resistance has been declined several times confirming the veracity of a sag. In addition, the RSI starts signifying a down trend. As a result, if the EUR/USD pair has the ability to break out the very first assistance at 1.1694, the market will decrease even more to 1.1623 in order to check the weekly assistance 2. Subsequently, the marketplace is likely to reveal indications of a bearish pattern. So, it will be good to sell below the level of 1.1752 with the very first target at 1.1663 and even more to 1.1566. Stop loss is to be placed above the level of 1.1813. The material has actually been supplied by InstaForex Company- www.instaforex.com

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