Technical analysis prediction for the 1st of august 2018

Instrument ; Eur usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction ; 1.1400


weekly chart


Daily chart


Eur usd mkt trend is bearish bias and technical view on the weekly chart indicates a strong bearish momentum and likely continuation downtrend as long term speculation remains bearish bias, Ema signal is neutral, Rsi (35.12), Macd signal is downtrend while on the daily chart view, the currency pair trend bias remains bearish bias and in coming months, i expect further weakness towards 1.1400 level, Ema signal is downtrend, Rsi (38.91), Macd signal is uptrend and prediction for the 1st of august 2018 is 1.1400
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