EURUSD Wave Analysis – 25 July, 2019

EURUSD reversed from support area
Further gains are likely

EURUSD recently reversed up from the support area lying between the key support level 1.1125 (which has been reversing the price from the end of April) and the lower daily Bollinger Band.

The upward reversal from this support area coincided with the oversold reading on the daily Stochastic indicator.

EURUSD is expected to rise further and retest the next resistance level 1.1200 (former support from June and the start of July).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Next Corn Wave Analysis – 25 July, 2019 »

Previous « EURUSD fell to 1.1110 after the ECB rate decision

Published by

The FxPro Tech Analysis Team

Tags: EURUSD

6 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…