Technical analysis prediction for the 3rd of September 2018

Instrument; Eur usd

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

speculative position; long position

price prediction ; 1.1750


weekly chart

Daily chart


Eur usd mkt trend is bearish bias and technical view on the weekly chart indicates strong downtrend in the recent month and in long term speculation i expect the currency pair to retrace uptrend, Ema signal is downtrend, Rsi(36.46), Macd signal is downtrend, on the daily chart, the currency pair remains bearish bias, and at the bottom price level, i expect retracement uptrend towards 1.1750 level in near term, Ema signal is downtrend, Rsi(40.46), Macd signal is uptrend and prediction for the 3rd of September 2018 is 1.1750
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