Technical analysis of EUR/USD for August 16, 2018 888011000 110888 The EUR/USD set is revealing reversal indications. Pattern stays bearish daily but there are signs of a possible short-term bounce. Yesterday’s candle light was a bullish hammer. I anticipate a bounce to the previous support which is now resistance at 1.15. The most likely circumstance will be a rejection and a bearish reversal to new lows. Blue line -medium-term resistance Red line -short-term resistance Green lines-expect cost course EUR/USD has short-term resistance at 1.1465 and next at 1.15 Medium-term trend line resistance is found at 1.1550-1.1570. As long as we are listed below that location, I remain bearish trying to find a brand-new lower low. Support is at 1.1335. A break below this level will open the way for a move below 1.13. The product has been provided by InstaForex Business

By | August 16, 2018

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