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Thursday Analysis: EURUSD Trading Pair
Thursday Analysis: EURUSD Trading Pair
Posted

By - Jamel Lahiani

Posted - 18-07-2019

Today our analysis will be concerned with EURUSD:

  • The US Dollar is waiting for important publications: Sell at short term if you have validation.

EURUSD: The most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

GRAPHIC 1: EURUSD HOURLY CHART (JULY 18, 2019)

The EURUSD hourly chat is stopped by a resistance at the level of 1.12420. This pair is waiting for publication realized by the US Department of Labor concerning continuing and initial job claims at 14H:30 GMT. This publication could have a great impact. If the chart breaks the first resistance line in red and close to the upside a long position could be taken. A strong upward trend can be verified if the chart break the second resistance line and close to the upside.

If the chart breaks the MA14 and close to the downside the down trend will be continued and we could have a short position.

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