EUR/USD, Further Break Down 1.1192 Will Open Road To 1.1160

Forex Trader • Jul 17, 2019 at 5:05 AM EDT

The pair is trading along an sideways trend between support 1.1192 and resistance 1.1238

EUR/USD, Wednesday forecast, July 17

The pair is trading along a sideways trend between support 1.1192 and resistance 1.1238.
The downtrend may be expected to continue in case the market drops below support level 1.1192, which will be followed by reaching support level 1.1160.

Weekly forecast, July 15 - 19

The pair is trading along an uptrend with target on 1,1370 and may be expected to continue, while pair is trading above support level 1,1210.
A downtrend will start as soon, as the pair drops below support level 1,1210, which will be followed by moving down to support level 1,1107

Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.