For Traders

Analytical Reviews

Technical analysis

15.07.202013:17 Forex Analysis & Reviews: EUR/USD analysis for July 15 2020 - Test of the maror resistance at the price of 1.1450, potential for the bigger drop towards 1.1400 and 1.1378

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.

Technical analysis:

EUR/USD has been trading upwards. Anyway, I found that there is the potential for the downside rotation towards the 1,1400 and 1,1380 due to the resistance on the test.

Trading recommendation:

Watch for potential selling opporutnities due to rejection of the major resistance and potential for downside movement towards the 1,1400 and 1,1380.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.

Downward targets are set at the price of 1,400 and 1,1380.

Major resistance is set at 1,1450

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.