empty
27.07.2022 07:30 AM
Trading plan for EURUSD on July 27, 2022

This image is no longer relevant

Technical outlook:

EURUSD dropped to 1.0110 on Tuesday before finding support. The single currency pair is seen to be trading close to 1.0150 at this point in writing and is expected to print yet another low at around the 1.0075-1.0100 zone before resuming higher again. Bulls might be poised to hold prices above the 0.9952 interim lows to keep the near-term structure constructive.

EURUSD aims to produce a larger-degree corrective rally towards the 1.0800-1.0900 zone, after carving a potential low at around 0.9952 on July 14. The potential medium-term target for the counter-trend rally to push through is the 1.0800-1.0900 area, which is also the Fibonacci 0.382 retracement of the earlier downswing between 1.2350 and 0.9952.

EURUSD has been in a downtrend since January 2021, carving lower lows and lower highs between 1.2350 and 0.9952. As discussed earlier, the drop is either complete or is close to completion towards 0.9500. Either way, a bullish reversal remains highly probable from the current levels (1.0100-50), reaching up to the 1.0800-1.0900 zone.

Going forward:

EURUSD has further carved a lower-degree upswing between 0.9952 and 1.0275 in the past few trading sessions. Prices are retracing at the moment and could find support at around 1.0075, which is the Fibonacci 0.618 level. A high probability remains for bulls to come back in control and push prices through 1.0800 at least in the next few weeks.

Trading plan:

Potential rally through 1.0800-1.0900 against 0.9952.

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3545 level and planned to base market entry decisions on it. Let's look at the 5-minute chart to see what happened

Miroslaw Bawulski 18:26 2025-06-10 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 10th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.1388 and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart

Miroslaw Bawulski 18:22 2025-06-10 UTC+2

How to Trade the GBP/USD Pair on June 10? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded in both directions on Monday. On Friday, the price consolidated below the ascending trendline, formally changing

Paolo Greco 06:40 2025-06-10 UTC+2

How to Trade the EUR/USD Pair on June 10? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded with low volatility and in both directions on Monday. That day, the macroeconomic backdrop was practically absent

Paolo Greco 06:40 2025-06-10 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 10: The Pound Is in No Hurry to Fall Either

On Monday, the GBP/USD currency pair predictably failed to continue its downward movement. Recall that earlier, the price again formed a signal for a trend reversal to bearish—a consolidation below

Paolo Greco 04:11 2025-06-10 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 10: Another Day, Another Dose of Negativity

The EUR/USD currency pair traded mixed throughout Monday. Despite breaking through the trendline, the downward movement (i.e., strengthening the US dollar) never actually began. Thus, technical signals still hold little

Paolo Greco 04:11 2025-06-10 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 9th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.3581 level and planned to base entry decisions around it. Let's look at the 5-minute chart and see what happened. The rise

Miroslaw Bawulski 14:16 2025-06-09 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 9th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.1430 level and planned to base entry decisions around it. Let's look at the 5-minute chart and see what happened. The pair

Miroslaw Bawulski 14:09 2025-06-09 UTC+2

How to Trade the GBP/USD Pair on June 9? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded lower on Friday for the same reasons as the EUR/USD pair. The dollar received minimal market support

Paolo Greco 05:54 2025-06-09 UTC+2

How to Trade the EUR/USD Pair on June 9? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded lower on Friday, and there were objective reasons for this. However, it's important to note that

Paolo Greco 05:54 2025-06-09 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.