EUR/USD: Possible Decline of 15-35 Points 2018.8.1

EUR/USD may fall by 15-35 points

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Pivot Point

1.1705

Trading Strategy

Below 1.1705, look for further downside, with target prices at 1.1665 and then 1.1645.

Alternative Strategy

Above 1.1705, look for further upside, with target prices set at 1.1730 and then 1.1745.

Technical Comment

The RSI technical indicator is trending downward.

Support and Resistance Levels

1.1745

1.1730

1.1705

1.1680 closing price

1.1665

1.1645

1.1635

The number of stars represents the strength of the support and resistance levels.

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