FX.co ★ Trading recommendations for the EUR / USD currency pair on June 26, 2018

Yesterday's recommendation coincided by 100% and fixation within the level of 1.1650 was excellent for placing a pending order, resulting in an excellent entry point with a rapid movement to the predicted value of 1.1720. What do we have? Stop / rollback, and it is quite reasonable because of the Fibo value of 23.6, which as a result increases the resistance. Today, as such, there is no news, except for the small batch of data from the United States, including the Composite index of the cost of housing S & P / CS Composite-20 without seasonal fluctuations and CB Consumer confidence index.

In fact, the output data is unchanged.

Further vision

It is still too early to speak about any further upward movement. The level of 1,1720 is not broken and at the very time you are working very well. While it is possible to consider short positions, we will return to the level of 1.1650. But going further is already a question. Positions to buy at this time are only in pending orders. Fixation above 1.1730 is likely to lead to a further move to 1.1850, where the variable range level is located in conjunction with Fibo 38.2. For me, this level (1.1850) is strong. I would postpone buying positions as such, as if we go back to 1.1650. Perhaps, the most interesting variations will appear.

Indicator analysis

Analyzing the different sector of timeframes (TF), we can see that there is a downward mood in the short term, confirming the above with the move to the level of 1.1650. In the intraday perspective there is still a rising interest, which, perhaps, after approaching level 1, 1650 will be replaced. The medium-term perspective continues to signal a downward mood.

Weekly volatility / Volatility measurement: Month; Quarter; Year

The measurement of volatility reflects the average daily fluctuation with the calculation for the Month / Quarter / Year.

(June 26 - it was recorded in the account of the publication of the article)

Key Levels

Resistance zones: 1,1720 *; 1.1850; 1,2100

Support zones: 1.1650 *; 1.1550 ** (1.1510 / 1.1550); 1.1440; 1.1300 **

* Periodic level

** Range level