Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

0

No products in the cart.

Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis of EUR/USD for July 19, 2018

July 19, 2018 Analytics

[ad_1]

EURUSD remains in a bearish trend as long as price holds below 1.1730-1.1760 as we have been saying for the last few sessions. Price bounced yesterday towards 1.1660 and is now challenging the lower triangle boundary support at 1.1610-1.16 area.

analytics5b5039f975606.png

Red lines – triangle pattern

Green rectangle – resistance

The EUR/USD pair has resistance at 1.1660. A break above this level will open the way for a bounce towards 1.1680 and most probably 1.1710. Major resistance and trend change level remains at 1.1730-1.1760 area. Bulls need to break this level in order to push higher towards 1.19-1.20. Until then we remain bearish looking for 1.12.

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

[ad_2]

Source link

Write a comment