Trading Plan for EUR/USD for July 25, 2018
July 25, 2018 6:22 amVideo
Latest News
- Outlook for GBP/USD on April 24. The pound has perked up April 24, 2024
- Outlook for EUR/USD on April 24. Euro rose to the upper boundary of the channel April 24, 2024
- The euro miscalculated its strength April 24, 2024
- Video market update for April 23, 2024 April 23, 2024
- Trading Signals for EUR/USD for April 23-25, 2024: buy above 1.0681 (21 SMA – 3/8 Murray) April 23, 2024
- Analysis for the EUR/USD pair on April 23rd. Euro currency prepares for another decline April 23, 2024
- Analysis for the GBP/USD pair on April 23rd. Sellers failed to take the mark of 1.2313 on the first attempt April 23, 2024
- Technical Analysis – AUDUSD gears up after disappointing US PMIs April 23, 2024
- Technical Analysis – Meta stock falls below 50-SMA ahead of earnings April 23, 2024
- USD/JPY: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Technical Analysis – USDJPY fights with new 34-year high April 23, 2024
- EUR/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets April 23, 2024
- GBP/USD: trading plan for the US session on April 23rd (analysis of morning deals). The pound continues to decline April 23, 2024
- EUR/USD: trading plan for the US session on April 23rd (analysis of morning deals). The euro has shown rapid growth April 23, 2024
- EUR/USD. April 23rd. Bulls and bears are in balance April 23, 2024
- GBP/USD. April 23rd. The bears continue to attack April 23, 2024
- Gold edges lower as Middle East tensions ease April 23, 2024
- Slightly lower volatility across the board ahead of key US data – Volatility Watch April 23, 2024
Technical outlook:
The EUR/USD pair has bounced from the 50% retracement level of the rally between the 1.1574 and 1.1750 levels, respectively. The pair has enough potential to stage an extended rally from these levels or it could first drop through the 1.1640 levels and then continue pushing forward. More or less, the pair has been poised enough to rally past 1.1950 levels at least. Bottom line remains that the prices should stay above the 1.1574 levels, for this to stay true. On the flip side, a drop through the 1.1574 levels would clearly indicate that wave (4) of a higher degree terminated at the 1.1850 levels earlier, and that EUR/USD is poised to drop lower towards the 1.1100/1200 levels, respectively. High probability trade setup for now is expected on the north side.
Trading plan:
Remain long EUR/USD and also look to buy on dips through the 1.1640 levels, stop below 1.1574 and target is the 1.1950 levels, respectively.
Fundamental outlook:
There are no major events lined up for the day.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: