EURUSD is still trading in consolidation between its formed resistance at 1.1851 on last Jun. 14 and its formed bottom on last Jun. 29 at 1.1508.
After repeated failure to rise above 1.1750, EURUSD retreated again to be trading currently close to 1.1655 just below its daily SMA50.
While the pair is still undermined over longer range by continued trading below its daily SMA100 and also its daily SMA200.
The pair is now in its seventh consecutive day below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today 1.1747, as the pair has been satisfied today by just reaching 1.1743.
EURUSD daily RSI-14 is referring now to existence inside the neutral region reading 46.759.
EURUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in its neutral area at 61.014 leading to the downside its signal line which is higher at 67.974, after negative crossover in this same area.
Important levels: Daily SMA50 @ 1.1680, Daily SMA100 @ 1.1938 and Daily SMA200 @ 1.1976
S&R:
S1: 1.1508
S2: 1.1308
S3: 1.1109
R1: 1.1851
R2: 1.1996
R3: 1.2138
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din