EUR/USD Is Going To Test Support 1,1210

Forex Trader • Jul 16, 2019 at 4:33 AM EDT

The pair is trading along a downtrend with target on 1,1238 and if it keeps on moving down below that level, we may expect the pair to reach support level 1,1210.

EUR/USD, Tuesday forecast, July 16

The pair is trading along a downtrend with target on 1,1238 and if it keeps on moving down below that level, we may expect the pair to reach support level 1,1210.
An uptrend will start as soon, as the pair rises above resistance level 1,1285, which will be followed by moving up to resistance level 1,1330.

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.