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The Euro / Dollar currency pair managed to roll back after the recent rally, but the joy of the bulls was short. And already near the periodic level of 1.1650, the quotation found a point of resistance, returning to the market sellers who, as I wrote earlier, did not go away with the market, but was at the stage of regrouping. The news background does not shine with the events that we have, this is Trump's statement on the "Trade War", which deals with new duties on goods from China, and in the states there are data on building permits, where in general terms growth is visible, of course, do not forget about the ECB forum, where Mario Draghi will perform in the near future.
Further vision
At the moment, the situation is as follows: The downward interest remains, but before the quotation, the range of 1.1510 / 1.1550 still stands. The first thing I focus on is this local convergence with the lower boundary of the 1.1510 level, where it is possible to slow down in a consecutive swing of 1.1510 / 1.1550. In the case of fixation below 1.1510, we will open the way to the subsequent points of 1.1440 to 1.1300. But, repeating before talking about any deep movements, we need to lock below 1.1510.
Otherwise, we still have the range motion of 1.1510 / 1.1650.
Indicator analysis
Analyzing a different sector of timeframes (TF), we see that the indicator analysis is prone to further downgrade, confirming the earlier analysis.
Key Levels
Resistance zones: 1,1650 *; 1,1725 *; 1,1830 *; 1.1900; 1,2100
Support zones: 1,1550 ** (1,1510 / 1,1550); 1.1440; 1,1300 **
* Periodic level
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