1. The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

EURUSD Consolidates With Downside Threats

Discussion in 'Technical Analysis' started by FXTechstrategy, Jul 21, 2019.

  1. FXTechstrategy


    Likes Received:
    EURUSD consolidates with downside bias as it retains its broader medium term trend. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Its weekly RSI is bearish and pointing lower suggesting more weakness. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD expects more weakness to occur in the days ahead.

  2. Loading...

    Similar Threads - EURUSD Consolidates Downside Forum Date
    EURUSD Consolidates With Downside Bias Technical Analysis Nov 2, 2017
    EURUSD: Consolidates But With Recovery Risk Technical Analysis Feb 25, 2018
    EURUSD Looks To Recapture The 1. 1026 Support Zone Technical Analysis Sunday at 2:56 PM
    EURUSD Targets Immediate Resistance At 1.1161 Level Technical Analysis Aug 4, 2019
    EURUSD Eyes Further Recovery Short Term Technical Analysis Jul 14, 2019