Technical outlook:
The EURUSD pair might have formed an intermediary top at 1.1412 levels, the interday high for June 25, 2019. The single currency pair might be ready for a deeper correction towards 1.1270/90 levels in the coming trading sessions before it could resume its uptrend further. It is expected to counter-trend rally in the next 1-2 trading sessions towards 1.1380/1.1400 levels before continuing further lower. It could offer a potential short entry against 1.1412 levels, targeting lower towards the Fibonacci 0.618 support seen at 1.1270 levels respectively. Strong support is now in place at 1.1800 levels and EURUSD is expected to continue rally till prices remain above that. Also note that the entire wave structure from 1.1107 through 1.1412 levels looks to be in 5 waves, a potential leading diagonal and that the corrective drop could be much deeper than 1.1270 levels as discussed above. In either case, the support seen at 1.1117 levels should remain intact.
Trading plan:
Aggressive traders sell @ 1.1380/1.1400 stop above 1.1412, target 1.1270
Conservative traders remain flat for now and look to buy lower @ 1.1270.
Good luck!
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