empty
 
 
19.07.2018 11:59 AM
EUR./USD analysis for July 19, 2018

This image is no longer relevant

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.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback