empty
 
 

06.08.201810:00 Forex Analysis & Reviews: Ichimoku cloud indicator analysis on EUR/USD for August 6, 2018

Long-term review

We have been bearish EUR/USD as long as price stayed below 1.1730 and warned bulls every time we saw a rejection at that level. Now price has broken below the triangle pattern providing another bearish signal. Next support is at 1.15. Breaking below it will open the way for 100-200 pips lower.

Exchange Rates 06.08.2018 analysis

Red lines - triangle pattern (broken downwards)

Blue line - horizontal support at 1.15

The EUR/USD has not only broken below the triangle pattern, it also got rejected at the cloud resistance. We warned on time that the rejection at the cloud resistance at 1.1730 area was an important bearish sign. Next support is at 1.15. A break below this level will open the way for a move towards 1.12-1.13. Key resistance is now at 1.1660-1.1640 area. Bulls will need to break above this level for a first bullish sign.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Alexandros Yfantis,
Analytical expert of InstaForex
© 2007-2022
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.