FX.co ★ EUR/USD for July 26,2019 - Support on the test

Trading recommendation:

EUR did exactly what I expected yesterday. Post EBC move did rally into the our key resistance at the price of 1.1190 and then sold off. EUR is today in consolidation mode but at the support (1.1125).

Yellow rectangle – Resistance 1.1195

Red rectangle – Major support 1.1125

MACD oscillator got the bullish divergence in the background and slow line Is going bullish, which is sign that upside is still present. Bollinger bands did narrow by big margin, which is indication of the consolidation before the next breakout. Since the support is on the test, I would watch for buying opportunities. Important resistance is set at the price of 1.1195.Key support level is seen at the price of 1.1100.