In an alternative scenario and below the local support level 1.2070, short positions will be preferred. If the downward dynamics develops, EUR / USD may decline to the long-term support levels 1.1850 (EMA144 on the daily chart), 1.1780 (Fibonacci level 38.2%), 1.1735 (EMA200 on the daily chart).
A breakdown of the support level 1.1285 (Fibonacci level 23.6%) will finally return EUR / USD to a long-term downtrend (see "Actual technical and fundamental analysis").
Support Levels: 1.2151, 1.2142, 1.2070, 1.2010, 1.1960, 1.1850, 1.1780, 1.1735, 1.1600, 1.1520, 1.1285
Resistance Levels: 1.2180, 1.2220, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600
Trading Recommendations
Sell Stop 1.2135. Stop-Loss 1.2190. Take-Profit 1.2100, 1.2070, 1.2010, 1.1960, 1.1850, 1.1780, 1.1735, 1.1600, 1.1520, 1.1285
Buy Stop 1.2210. Stop-Loss 1.2135. Take-Profit 1.2270, 1.2340, 1.2555, 1.2580, 1.2600*)for trading, I choose THIS BROKER and use VPS (to receive a bonus, enter the promo code - zomro_17601)
**) EUR/USD: Current Fundamental Analysis and Market Expectations
