XtreamForex Technical Analysis 18-7-2017

XtreamForex Technical Analysis EUR/USD Current price: 1.1476 Majors started the week in slow motion, as a holiday in Japan, combined with a scarce macroeconomic calendar, sent investors to the sidelines ahead of first tied data to be released later this week, including among others, the ECB monetary policy decision. The American dollar closed mixed, although…

Daily Technical Analysis: EUR/USD, GBP/USD Approaching Confirmation Or Invalidation Zone Of Wave-4

Daily Technical Analysis: EUR/USD, GBP/USD Approaching Confirmation Or Invalidation Zone Of Wave-4 Currency pair EUR/USD The EUR/USD is moving sideways after failing to break above the previous top (red). A bullish breakout could however restart the uptrend towards the Fibonacci targets of wave 5 vs 1+3 and the round level of 1.15. The EUR/USD expanded…