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EUR/USD Weekly Technical Analysis Technical Analysis 02-06 July 2018

EUR/USD Weekly Technical Analysis Technical Analysis 02-06 July 2018

Instrument EUR/USD
Time Frame D1
Trending Uptrend in retracement at lager degree; down trend in short term
200 DMA Prices are trading far below  200DMA’s zone
MACD Lower  zone but in retracement
Pivot Point price trading below PP and founds S1 currently
Elliot Wave Type A and B legs finished( type of B=95% of A), C leg has been forming
Swing Type Higher lows; Lower Highs
Price action  Double bottom at D1with higher lows
Notes Was long at 1.162xx and end target at1.18457; anyay 1.17xxx should be partially taken profit and move sl to BE. Still keep holding the long position for further notice
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