Forex4you - Analytics

    Forex4you

    550.75 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the EURUSD on 28.07.2015

    The EURUSD broke the descending trend line at 1.1060

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1215

    Min. 1.0950

    eurusd18

    Correction up in the EUR/USD has strengthened – the price broke the descending trend line at 1.1060 (the channel’s upper border). The escape from the channel suggests increasing bullish interest.

    The breakout of the descending trend line has led to the formation of the ascending channel. As long as the channel remains intact, upside potential preserves.

    Potential growth targets are situated at the two closest resistance levels of 1.1125, 1.1215.

    Alternative scenario: to turn the upside correction down, bears will have to break the ascending channel’s lower border at 1.1000.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The EURUSD broke the descending trend line at 1.1060

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 1.1215

    Min. 1.0950

    eurusd18

    Correction up in the EUR/USD has strengthened – the price broke the descending trend line at 1.1060 (the channel’s upper border). The escape from the channel suggests increasing bullish interest.

    The breakout of the descending trend line has led to the formation of the ascending channel. As long as the channel remains intact, upside potential preserves.

    Potential growth targets are situated at the two closest resistance levels of 1.1125, 1.1215.

    Alternative scenario: to turn the upside correction down, bears will have to break the ascending channel’s lower border at 1.1000.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree