EUR/USD Forecast July 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 July 2016 07:16 UTC
The EUR/USD pair went back and forth during the course of the day on Monday, as we continue to flood sideways. Ultimately if this point in time, the 1.10 level on the bottom is supportive, while the 1.12 level on the top is resistive. I feel that the market is still consolidating sideways overall, and as a result it’s probably best to leave this particular market alone. However, some people will be willing to go back and forth on short-term charts and at this point in time it does appear that those 2 levels are going to continue to contain the market overall.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.