By - Jamel Lahiani
Today our analysis will be concerned with EURUSD:
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 DAILY CHART (JULY 17, 2019)
The daily chart is under the resistance line in red and the MA14. It is more plausible that the pair is bearish and a swing entry could be taken if there is confirmation or the chart breaks the resistance line to the downside.
GRAPHIC 2: EURUSD 1 HOUR PRICE CHART (JULY 17, 2019)
The hourly chart is under the resistance line in red. The MA14 and the resistance line are decreasing. A good strategy could be to be short when the chart breaks the resistance line or MA14 to the downside.
GRAPHIC 3: EURUSD M15 PRICE CHART (JULY 17, 2019)
The EURUSD M15 price chart is waiting for an important publication by the US Census Bureau, at the Department of Commerce at 14H:30 GMT. This publication is relative to housing starts and building permits. Now, the market is ranging between the two lines in red. A good strategy can enter the market at the direction of the arrow between the two sides. If the chart breaks one of the two sides after the publication then we could enter the market in favor of the trend.
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