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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



Trading Plan for EUR/USD and US Dollar Index for January 30, 2018


Technical outlook:

The EUR/USD pair is consolidating into potential wave 4 and will push higher one last time or it is preparing to drop into 1.2200 handle and produce the first leg lower, heading into much deeper correction. Interim resistance is seen at 1.2537 levels for now while support comes in around the 1.2200 handle. Going with the current counts, selling on rallies is the preferred strategy. It is still not absolutely confirmed about a major top in place yet but a break below 1.1900 levels would certainly confirm the same. Keeping the bigger picture in mind, a push towards 1.2600/50 levels still remain a probability but immediate price action is expected towards 1.2240 levels.

Trading plan:

Selling on rallies with risk above 1.2537 levels is a preferred strategy.

US Dollar Index chart setups:


Technical outlook:

The US Dollar Index is also looking to pose a rally towards 90.00/91.00 levels at least. Please note that it is still not confirmed that the index has formed a major bottom but a high probability remains for the same and a break above 92.50 levels would certainly indicate that a bottom is in place now. High probability wave counts suggests that buying on dips is a safe and favored trading strategy going ahead. Please keep the bigger picture in mind that US Dollar Index has nearly completed 5 waves down since January 2017 highs from 103.80 levels. This indicates a high probability 3 waves counter trend rally to resume any moment that can push prices towards 95.00 and 98.00 levels respectively. Interim support is at 88.40 levels while resistance is at 91.00 for now.

Trading plan:

Remain long with risk below 88.40 levels for now.

Fundamental outlook:

Watch out for EUR consumer price index in next few minutes and USD Consumer confidence in the next 02 hours

Good luck!

The material has been provided by InstaForex Company -