4h
The EUR / USD pair on the 4-hour chart cleared the correction level of 50.0% - 1.1680 and the growth to the correction level of 76.4% - 1.1771. The bearish divergence in the CCI indicator allowed a small drop, but now the growth process has already been resumed. Quit on July 9 from the Fibo level of 76.4% will allow traders to expect a reversal in favor of the US dollar and a slight drop in the direction of the correction level of 61.8% - 1.1721. Fixing the pair's rate above the Fibo level of 76.4% will increase the chances of continuing growth towards the next correction level of 100.0% - 1.1852.
The Fibo grid is built on the extremes of June 14, 2018, and June 21, 2018.
Daily
On the 24-hour chart, the growth of quotations continues in the direction of the correctional level of 76.4% - 1.1789. The maturing divergence of the CCI indicator is canceled. The fall of the rate of the pair from the Fibo level of 76.4% will allow us to count on a reversal in favor of the US currency and a slight drop towards the correction level of 100.0% - 1.1553. There are no new brewing divergences today. Fixing the pair above the Fibo level of 76.4% will work in favor of continuing growth in the direction of the next correction level of 61.8% - 1.1938.
The Fibo grid is built on extremes from November 7, 2017, and February 16, 2018.
Recommendations for traders:
Buy a pair of EUR / USD on July 9 will be possible with a target of 1,1852 with a Stop Loss level below the Fibo level of 76.4% if there is a close above the correction level of 1.1771.
Selling the EUR / USD pair will be possible with the target of 1.1721 if there is a retreat from the correction level of 76.4%, with a Stop Loss order above the level of 1.1771.
