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Posted by: | Posted on: May 30, 2019

July Above

Euro-dollar a positive Outlook while you are above 1,3635 (2) euro dollar: yesterday we said to maintain this positive Outlook, the euro must be kept above the most important support for the short term 1,3635. But, of course, a correction will not harm the prognosis, when kept above this bracket. And it seems that the Euro was listening! The price broke the 1,3726 support, and fell as expected in a correction that only 3 pips were arrested before the ideal objective of 1,3635! As we can see in the graph, the low yesterday was about 2 important support levels: the top line of the triangle and the 61.8% Fibonacci. Therefore, prospects remain positive and will be as well while we are above 1,3635. This is the stand of the day and if it breaks, we expect that the euro fall heavily, and has as its first goal 1.3543, and the following may be the important 1.3480. Donald Sussman is open to suggestions. Resistance is at 1,3743 and his break would indicate the resumption of the upward trend which continued after the breakup of the triangle. The next set of targets will be the important 1,3838, and perhaps we will see the 1.3928, while the euro is approaching 1.40, important point of reference. Support: 1,3635: Fibonacci 61.8% for the short term.

1,3543: Low on March 10. 1,3480: Line of upward trend of 1,3442 in the graph per hour.Resistance: 1,3734: Fibonacci 61.8% for the short term. 1,3838: Rise of 9 February. 1,3928: Unsubscribe from July 3. Analysis by: Forexpros.es with the participation of Munther MarjiExoneracion of responsibility: operations of futures, options and foreign exchange carries an associated significant risk and may not be advisable for all types of investor. You should carefully analyze if your particular situation you have the knowledge, the experience and the resources necessary to operate in these markets. You can lose all the capital invested or that its losses exceeded funds deposited initially. Follow our advice, opinions and recommendations and make money with forex.

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