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*

Intraday technical levels and trading recommendations for EUR/USD for April 11, 2018

Daily Outlook

The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until a breakout occurs in either direction.

Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750.

However, significant signs of bearish reversal were manifested around the price levels of 1.2400 (backside of the depicted broken uptrend). This was manifested in the bearish engulfing daily candlestick of March 28.

Hence, the EUR/USD pair remains bearish below the price levels of 1.2400 unless obvious daily bullish support is offered around the price level of 1.2200.

The bullish scenario is considered a low probability after the recent bearish breakdown of 1.2300 took place on April 3.

Moreover, the depicted Multiple-Top reversal pattern needs a bearish breakdown of the level of 1.2200 to be achieved on a daily basis.

Bearish Projection target would be located around 1.2070-1.1990.

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