23/07 – EURUSD outlook eyes on 1.080


23 July, AtoZForex.com, Milano — Technically Weekly/Daily EURUSD outlook eyes are on the 1.080 level. (4:58GMT)

Calendar of the week.

TOMORROW
Eurozone. German Manufacturing PMI (08:30 GMT)
U.S. New Home Sales (15:00 GMT)

EURUSD outlook Chart 1: Weekly/Daily EURUSD eyes on 1.080 (Click on the image to enlarge)

My S/R setup is still the following:

First support: 1.089 (38.2 fibo retracement peak – to – yesterday low) 

if First support’s breakout then ->
-> Second support: 1.080 (daily trendlines)

if breakout then ->
-> Third support: 1.078 (daily trendlines)

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EURUSD outlook Chart 2: H4 EURUSD (Click on the image to enlarge)

if breakout then ->
-> Fourth Support: 1.071 (converging H4/daily trendlines)

First resistance: 1.098 (H4/daily trendlines, fibo arcs) 

if First resistance’s breakout then ->
-> Second resistance: 1.1023 (H4 trendlines, fibo arcs) 

if breakout then ->
-> Third resistance: 1.1064 (fibo arcs expansion)

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