09.07.202106:28 Forex Analysis & Reviews: Trading Signal for EUR/USD for July 09 - 12, 2021: Buy above 1.1815

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

In a 4-hour chart, the EUR / USD pair is trading above the 21 SMA, and below the 4-hour bearish channel, having hit the top for the third time at 1.1868. Now it is making a pullback.

At the time of writing, EUR / USD is trading at 1.1840 2/8 murray level, Fibonacci indicator has been traced, from low at 1.1779 (1/8) to high at 1.1868. There is likely to be a retracement to 61.8% at 1.1815.

Yesterday's euro rally came after the European Central Bank removed the 2% top from its inflation target, allowing price increases to be temporarily and moderately exceeded.

From a technical viewpoint, the recovery of EUR / USD lost strength as there is a bearish channel from the high of 1.1962 (4/8). The price has not been able to break and stay above the zone of 1.1870. It could now be making a correction to a further bullish wave to the resistance of 3/8 murray at 1.1901.

According to the 4-hour chart, we expect a retracement to the 61.8% (1.1815) Fibonacci. In this area, we recommend buying with targets at 1.1840 and 1.1901.

The eagle indicator is showing a bullish signal, which suggests that there is some way to go until the indicator signal shows overbought levels.

The market sentiment report shows that there are 54.10% of operators who are buying the pair. This is a sign that the Euro is in a consolidation phase and an upward movement could occur in the short term to the psychological level of 1.20.

Support and Resistance Levels for July 09 - 12, 2021

Resistance (3) 1.1937

Resistance (2) 1.1916

Resistance (1) 1.1872

----------------------------

Support (1) 1.1798

Support (2) 1.1748

Support (3) 1.1712

***********************************************************

Trading tip for EUR/USD for July 09 - 12, 2021

Buy if rebound 61.8% at 1.1815, with take profit at 1.1840 and 1.1901 (3/8), stop loss below 1.1770.

Voltar a lista

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.