EUR/USD: Potential Decline of 24-44 Pips, 2018.8.1

EUR/USD may decline by 24-44 pips

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Pivot Point

1.1705

Trading Strategy

Below 1.1705, bearish, with target levels at 1.1665 and then 1.1645.

Alternative Strategy

Above 1.1705, bullish, with target levels set at 1.1730 and then 1.1745.

Technical Commentary

The RSI technical indicator is showing a mixed trend with a bearish bias.

Support and Resistance Levels

1.1745

1.1730

1.1705

1.1689 closing price

1.1665

1.1645

1.1635

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

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