Trend Daily Chart

Daily Indicators




Trend Hourly Chart


Hourly Indicators
Bearish divergences




Daily Analysis

One more rise b4 down

1.1861 - 80.9% proj. of 1.1582-1.1781 fm 1.1700
1.1815 - 2018 Sep high
1.1806 - Y'day's fresh 22-month peak

1.1755 - Y'day's hourly sup
1.1719 - Y'day's low
1.1700 - Tue's low

EUR/USD - 1.1778.. Euro met renewed buying y'day at 1.1715 (AUS) n gained to 1.1769 in Europe b4 retreating to 1.1719. The pair then rallied to fresh 22- month peak at 1.1806 on usd's weakness in post-FOMC b4 easing.

On the bigger picture, despite euro's LT upmove fm 2017 near 14-year low of 1.0341 to a fresh 3-year peak of 1.2555 in mid-Feb 2018, price tumbled to a near 3-year 1.0637 low on broad-based usd's strength. Having said that, euro's rally this month due to risk-on trade n then break of Mar's 1.1494 high signals said decline has ended n present rising daily indicators suggest upside bias remains for further headway twd 1.1822 (61.8% r of 1.2555-1.0637), however, minor 'bearish divergences' would prevent strg gain n risk has increased for a correction to take place in late Aug/Sep. On the downside, below 1.1422 anytime signals top is made n may head back twd 1.1000/10.

Today, as euro's break of Mon's 1.1781 top to 1.1806 signals MT uptrend would head twd 1.1820/30 after consolidation, 'bearish divergences' on hourly indicators should cap price below 1.1848 n yield correction. Only daily close below 1.1683 risks stronger retracement to 1.1658 b4 prospect of recovery.



Interested in EUR/USD technicals? Check out the key levels

    1. R3 1.192
    2. R2 1.1863
    3. R1 1.1827
  1. PP 1.1771
    1. S1 1.1734
    2. S2 1.1678
    3. S3 1.1642


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