MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR/USD Technical Analysis for October 07, 2016.

Technical outlook and chart setups:

The EUR/USD pair has completed a complex corrective wave structure by printing intraday lows at 1.1103 level today. The pair has pulled back sharply since then and is now trading at 1.1140, looking to continue a further rally. Looking at the wave structure, the pair has completed waves A-B-C corrective structure, each consisting of 3 waves. Besides, please note that a morning star bullish candlestick pattern is also underway, indicating a reversal here. A push above 1.1280 level would accelerate further upside towards 1.1400 level. It is hence recommended to remain long, with risk at 1.1040 level. Immediate resistance is seen at 1.1283 level, while support is seen at 1.1045 level respectively.

Trading recommendations:

Remain long, stop at 1.1040, a target is open.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com