Intraday technical levels and trading recommendations for EUR/USD for July 30, 2018 888011000 110888 Daily OutlookIn April 2018, the EUR/USD pair outlook turned to end up being bearish when the pair pursued trading below the damaged uptrend along with the lower limit of the portrayed combination range.Shortly after, the cost zone (1.1850-1.1750)used momentary bullish rejection to 1.1990. The EUR/USD bulls cannot pursue towards greater bullish targets. Instead, a coming down high was developed around 1.1990. This was followed by a bearish breakdown listed below the cost zone of 1.1850-1.1750. This price zone has actually been standing as a considerable Supply zone because June 2018. On the other hand, the price zone of 1.1520-1.1420 was considered a prominent 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 take place to 1.1650. Lack of sufficient bearish momentum enabled another bullish pullback to occur again to 1.1750 (the lowerlimitation of the depicted supply zone)where another episode of bearish pressure was started this week.That’s why, the EUR/USD pair remains caught within the debt consolidation variety of 1.1750-1.1520 till breakout occurs in either direction.Conservative traders need to be waiting for a bullish breakout above 1.1750 as a valid bullish signal. Bullish targets would lie around 1.1850 and 1.1990. The product has been provided by InstaForex Company-www.instaforex.com

By | July 30, 2018

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