empty
 
 
10.07.2019 04:50 PM
EUR/USD for July 10,2019 - Strong rally of key support

The EUR did exactly what I expected yesterday. The EUR reacted from the critical support at the price of 1.1192 and rallied very well on the upside. Our up targets are still in the play at 1.1270 and 1.1310. If you have long position from yesterday, it is good idea to exit partial or at least move your stop on the breakeven.

This image is no longer relevant

The fundamental focus now shifts to the FOMC meeting minutes later in the day. On the 4H time-frame I found that there is bull cross on the Stochastic and MACD, which represents short-term upward trend in place. It is interesting that EUR rejected exactly from the Pitchfork median line, which served very well like support. If you see the break of the 1.1310, there is chance that EUR may go to 1.1400.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback