Remain flat temporarily. | 26 Juli 2018

26 Juli 2018, EUR/USD

Remain flat temporarily.

Technical observation

Yesterday EUR/USD went up as predicted to the resistance line 1.1744.I expect a clear breach above it followed by a correction to it for possible bullish momentum towards the resistance 1.1837 and a possible breach above it too for a further rise in price towards 1.1937.My advice, wait for the break out above 1.1744 and a the retracement to it then long EUR at it with your take profit at 1.1837 and stop loss around 1.1707.Short term traders can sell the pair now from 1.1744 but not for long. Right now, remain flat temporarily and wait for the breakout above 1.1744 before you buy EUR towards 1.1837.

Technical levels

Resistance levels

R1.1.1749

R2.1.1754

R3.1.1767

Pivot

1.1746

Support levels

S1.1.1737

S2.1.1729

S3.1.1717

Trade signal

Remain flat temporarily.

Do you know against which currencies EUR is the most profitable?

Remain flat temporarily.

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Imelda Maseno
Analyst of «FreshForex» company
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