17.07.202619:01 Forex Analysis & Reviews: Trading Signals for EUR/USD on July 17-21, 2026: sell 1.1472 (200 EMA - 6/8 Murray)

Relevance up to 13:00 2026-07-31 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD is currently trading around 1.1443, above the 21-day SMA and rebounding within the uptrend channel formed since July 13.

If the euro consolidates above 1.1438 in the coming hours, we could expect it to continue rising until it reaches 1.1472, where the 6/8 Murray level is located. Ultimately, EUR/USD could reach the upper band of the uptrend channel around 1.1520.

Conversely, if the euro falls below the 21 SMA at 1.1438, the outlook could turn negative, and we could expect the downtrend to continue until EUR/USD reaches the lower band of the uptrend channel and, ultimately, the 5/8 Murray level around 1.1352.

If the euro faces strong resistance around the 200 EMA at 1.1472, this could be considered an opportunity to open short positions. The strong Murray 6/8 resistance level is also located around this level, which could act as a significant barrier for the euro.

Given that the Eagle indicator is entering overbought territory, we could technically expect the instrument to continue falling in the coming days. Should EUR/USD reach resistance levels such as the 6/8 Murray level or the upper band of the uptrend channel, this could suggest an opportunity to sell.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.