empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

28.07.202009:00 Forex Analysis & Reviews: Indicator analysis. Daily review on EUR / USD for July 28, 2020

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.

Trend analysis (Fig. 1).

The market may begin to move downward from the level of 1.1754 (closing of yesterday's daily candle) with the target of 1.1692 - a 14.6% pullback level (red dotted line). From this level, the price may continue to move downward with the next target of 1.1637 - a 23.6% pullback level (red dotted line).

Exchange Rates 28.07.2020 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion:

Today the price may begin to move downward from the level of 1.1754 (closing of yesterday's daily candle) with the target of 1.1692 - a 14.6% pullback level (red dashed line). From this level, the price may continue to move downward with the target of 1.1637 - a 23.6% pullback level (red dotted line).

Another possible scenario is a downward trend from the level of 1.1754 (closing of yesterday's daily candle) with the target at the support line 1.1728 (black bold line). From this level, the price may begin to move upward with the target of 1.1824 - a 61.8% pullback level (blue dotted line).

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off