By - Jamel Lahiani
Today our analysis will be concerned with EURUSD: The most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
GRAPHIC 1: EURUSD DAILY CHART (JULY 30, 2019)
The daily chart is under the resistance line in red. The resistance line is decreasing. It is more plausible that the pair is bearish and a swing entry could be taken at the limit of the resistance line. The green line is the support line and can be a limit to exit the market and take profit.
GRAPHIC 2: EURUSD HOURLY CHART (JULY 30, 2019)
The hourly chart is ranging between two limits at the top the red line and at the bottom the green line. At court term, a good strategy can be to sell at the bottom around the red line and take profit at the green line. In the other side a buy decision can be taken at the bottom of the market around the grenn line and take the profit at the red line.
Follow us on Twitter @aprecon
Follow on Instagram @_aprecon
Like our Page on FB @aprecon
Copyright © The African Progressive Economist 2019. All Rights Reserved.