EUR/USD remains at key resistance, keep our bearish view. - Forex247

Latest

Keep Your Trading Simple and Smart

Thursday, August 18, 2016

EUR/USD remains at key resistance, keep our bearish view.

We see a very bearish formation at the 1.1315 level (Fibonacci projection, bearish candlestick formation, Fibonacci retracement) where we expect a reversal from to at least 1.1155.

RSI (21) is also seeing major resistance at 76% where we expect a reversal from.

analytics57b573882d25b.png

Sell below 1.1315. Stop loss is at 1.1348. Take profit is at 1.1155.

The material has been provided by InstaForex Company - www.instaforex.com


from www.instaforex.com http://ift.tt/2bkDGLS

No comments:

Post a Comment