Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR./USD analysis for July 19, 2018

July 20, 2018 Analytics

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Recently, EUR/USD has been trading downwards. The price tested the level of 1.1594. Anyway, according to the H1 time – frame, I found strong support trendline at the price of 1.1600 on the test, which is a sign that selling at this stage looks very risky. I also found a hidden bullish divergence on the macd oscillator in the backgorund, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1655.

Resistance levels: R1: 1.1672R2: 1.1700 R3: 1.1735 Support levels: S1: 1.1610S2: 1.1575 S3: 1.1546

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

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