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The US Dollar is Ranging at Court Term and Bearish at Long Term
The US Dollar is Ranging at Court Term and Bearish at Long Term
Posted

By - Jamel Lahiani

Posted - 30-07-2019
  • The EURUSD is ranging at short term: Sell at the top and buy at the bottom.
  • The EURUSD is bearish: Sell at long terms.

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.

CLICK ALSO: Summary Market Report: 22-26 July 2019

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.

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