EUR/USD Technical Analysis Today 28.07.2020

0 443

EUR/USD Technical Analysis Today 28.07.2020The EURUSD has been moving higher since the pair started on May 25 the uptrend shown in the image.

On June 11, a major resistance level was formed around 1.1400 which prevented further upward movement for some time and forced the pair to a negative halt. For a few days, the EURUSD pair formed a rising wedge around this level, affected by some contradicting fundamental data from the US.

Nevertheless, some negative data from the US last week caused the EUR/USD pair to make another bullish breakout.

Currently, the EURUSD is hovering around the 1.1750 level, where some signs of negative pressure are evident. The trader should wait for the next breakout of the short term uptrend line (1.1650) south, so that they can get a valid short position.

Expected targets will be 1.1550, 1.1500 and then 1.1450.



Seize the chance to earn real money instantly!
Take 4 simple steps along the path to success and financial independence
Open a trading account to sign up for MetaTrader 4
Beginner traders can start their career in forex Practice on a demo account
Download MetaTrader 4 - Powerful, reliable and proven trading platform
System requirements: Windows 7 and later versions
platform MetaTrader 4 for Android
System requirements: Android 4.0 and above, 3G/WiFi
platform MetaTrader 4 for iOS
System requirements: iOS 4.0 or later, 3G/Wifi
Deposit to your trading account through any convenient payment system
Great bonuses guarantee your confident start in trading
Bonuses are added ranging in size From 20% to 50% to your account every time you make a deposit
Related topics
التقيمات المضمنة
عرض جميع التعليقات