empty
 
 
10.07.2020 12:00 PM
EUR/USD Upside In Danger!

EUR/USD has dropped aggressively from 1.1370 yesterday's high and now is retesting potential dynamic support, resistance has turned into support. The pair is located in the buyer's territory, but the false breakout above the 1.1348 has signaled a bearish pressure again.

The better than expected Unemployment Claims report has boosted the dollar in the short term, the indicator was reported at 1314K in the previous week, beating the 1375K estimates.

  • EUR/USD Rejected From Dynamic Resistance!

This image is no longer relevant

EUR/USD has plunged after it has reached the outside sliding line (SL) of the descending pitchfork and now has pressured the 23.6% level and the upper median line (UML), a false breakdown, rejection from these levels could send the rate higher again.

The dollar has taken the lead again as the USDX has rebounded from 96.23 level, making only a false breakdown with huge separation below the 96.36 static support. The 96.36 - 96.00 area represents a critical support zone for the US dollar index, so another leg higher will force the EUR/USD to drop again.

Unfortunately, yesterday's candle has endangered a further drop in the upcoming period, now, the outside sliding line (SL) represents a critical resistance, a valid breakout above this line will suggest buying again.

  • EUR/USD Trading Tips

Buy - EUR/USD will resume its upwards movement if it will make a valid breakout above the sliding line (SL) and above the R1 (1.1403) level. Still, a consolidation above the UML, and above 23.6% (1.1268) level could bring a long opportunity sooner. The near term resistance is seen at the 1.1348 and at the sliding line (SL).

Sell - I still believe that a selling signal will be validated by another lower low, buy a valid breakdown below the 1.1200 psychological level. The near-term support is represented by the upper median line (UML) and by the PP (1.1251) level.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget