empty
 
 
25.07.2019 03:48 PM
EUR/USD for July 25,2019 - Shake out in the background, strong reaction from buyers

EUR did trade lower to test key support at 1.1108 and then it rejected strongly upward. I found classic shake out on the EUR after the ECB today. My advice is still same like yesterday, upward opportunities are preferable. Key resistance and target is set at the price of 1.1206

Industry news:

-Jacqui Douglas, chief European macro strategist at TD Securities, notes that the ECB left its policy rates on hold, but entirely re-wrote its press release, clearly preparing for a package of policy easing in September..

Technical picture:

This image is no longer relevant

Important levels to watch:

1.1206 – Resistance yellow shape

1.1276 – Multi swing high Resistance

1.1100 – Support and round number

Based on 4H time-frame there is a bullish divergence on the Stochastic oscillator and on the Bollinger percent indicator, which is indication of the further rally. In my opinion sellers got trapped near the level 1.1100 and higher time-frame traders reacted on the price "too low" on the EUR. My advice is to watch for buying opportunities Key upward target and resistance is set at the price of 1.1206.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $10000 more!
    In January we raffle $10000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback