InstaForex - Analytics

    InstaForex

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    Technical analysis of EUR/USD for July 27-31, 2015

    1437996120_EURUSDH1.png

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    Review:

    • The key level of EUR/USD pair will set at 1.1017. Also, it should be noted that the level of 1.1017 represents the weekly double top in the H1 chart.
    • The support of the GBP/USD pair has already set at 1.1003.
    • Moreover, the daily support 1 is seen at the same level. If the trend fails to close below the level of 1.1003, it will be a good opportunity to buy above 1.1003 with the first target at 1.1080. Then it will continue straight towards 1.1146 in coming days. Also, it should be noted that the level of 1.1146 is coincides with a ratio of 161.8% Fibonacci retracement levels.
    • Additionally, the level of 1.1145 represents the weekly resistance 1 and 1.1208 is going to form a double top in the H1 chart.
    • So, we expect a new range about 280 - 340 pips this week.
  • The support of the GBP/USD pair has already set at 1.1003.
  • Moreover, the daily support 1 is seen at the same level. If the trend fails to close below the level of 1.1003, it will be a good opportunity to buy above 1.1003 with the first target at 1.1080. Then it will continue straight towards 1.1146 in coming days. Also, it should be noted that the level of 1.1146 is coincides with a ratio of 161.8% Fibonacci retracement levels.
  • Additionally, the level of 1.1145 represents the weekly resistance 1 and 1.1208 is going to form a double top in the H1 chart.
  • So, we expect a new range about 280 - 340 pips this week.
  • The weekly technical analysis of EUR/USD pair:


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