Technical analysis of EUR/USD for July 18, 2016
July 18, 2016 1:18 amVideo
Latest News
- The bullish bias is gaining momentum. Overview of GBP/USD May 28, 2024
- CFTC report: investors continue to USD sell-off despite high yields May 28, 2024
- Investors bet on the euro’s strength. Overview of EUR/USD May 28, 2024
- Video market update for May 27, 2024 May 27, 2024
- Analysis of GBP/USD pair on May 27, 2024 May 27, 2024
- Euro area inflation unlikely to change ECB’s outlook – Preview May 27, 2024
- EUR/USD. Analysis of the upcoming inflation report in the European Union. What to expect? May 27, 2024
- USD/JPY: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- EUR/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: trading plan for the US session on May 27th (analysis of morning deals). The pound reached 1.2756 May 27, 2024
- Technical Analysis – Will gold resume its prevailing uptrend? May 27, 2024
- Technical Analysis – USDCAD pulls back but diagonal line still stands May 27, 2024
- Technical Analysis – USDJPY remains stuck in a tight range May 27, 2024
- EUR/USD: trading plan for the US session on May 27th (analysis of morning deals). The euro is trying to continue its growth May 27, 2024
- Forecast of EUR/USD pair on May 27, 2024 May 27, 2024
- Forecast of GBP/USD pair on May 27, 2024 May 27, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and US dollar index May 27, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 27th May 27, 2024
- Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday May 27 2024. May 27, 2024
When the European market opens, some economic news will be released such as the German Monthly Report. The US will release economic data too such as TIC Long-Term Purchases and the NAHB Housing Market Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY’S TECHNICAL LEVELS:
Breakout BUY Level: 1.1109.
Strong Resistance: 1.1103.
Original Resistance: 1.1092.
Inner Sell Area: 1.1081.
Target Inner Area: 1.1055.
Inner Buy Area: 1.1029.
Original Support: 1.1018.
Strong Support: 1.1007.
Breakout SELL Level: 1.1001.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: