30.07.201915:19 Forex Analysis & Reviews: EUR/USD ready to decline even lower

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

The short-term outlook for EUR/USD remains bearish. The pair has fixated under 3/8 Murrey Math Level that brings more evidence for the current scenario. Previously, the price met resistance at the 7/8 MM Level, which led to the current decline. Super Trend Lines have formed a 'Bearish Cross' little later on.

At the same time, the price is moving sideways in a range between Super Trend Lines. So, the market is going to test 3/8 MM Level once again in the coming hours. The subsequent pullback from this level could be a starting point for another decline. If 3/8 MM Level turns out to be broken, all eyes will be on the higher Super Trend Line (from the Daily chart), which could act as resistance as it happened a few times before.

The main bearish target is 0/8 MM Level, which is confirmed by the Daily chart. Meanwhile, we also should pay attention to 1/8 MM Level, which could stop the bearish rally as 7/8 MM Level did the same for the last upward price movement. Finally, fixating below the Super Trend Line will be essential confirmation for the outlook.

The bottom line is that EUR/USD remains bearish and the current consolidation is likely to be just a correction. Thus, we're probably going to see the market even lower in the near future.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.