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*

Analysis of EUR / USD Divergences for July 19. The euro gets the opportunity to recover

4h

analytics5b5031982ddcf.png

The EUR / USD pair on the 4-hour chart reversed in favor of the EU currency, after the bullish divergence of the MACD indicator, and the fixation above the correction level of 38.2% - 1.1639. As a result, on July 19 the growth process can be continued in the direction of the next corrective level of 50.0% - 1.1680. There are no new brewing divergences today. The consolidation of the pair's rate under the Fibo level of 38.2% can be interpreted as a reversal in favor of the US currency and expect a resumption of the decline towards the corrective level of 23.6% - 1.1590.

The Fibo grid is built on the extremes of June 14, 2018 and June 21, 2018.

Daily

analytics5b5031a0ca069.png

On the 24-hour chart, the pair continues the fall process in the direction of the correction level of 100.0% - 1.1553. The cutoff of quotes from the Fibo level of 100.0% will allow traders to count on a reversal in favor of the European currency and some growth in the direction of the correction level of 76.4% - 1.1789. Brewing divergences are not observed today. Fixing the pair at the Fibo level of 100.0% will increase the probability of further falling in the direction of the next correction level of 127.2% - 1.1285.

The Fibo grid is built on extremes from November 7, 2017, and February 16, 2018.

Recommendations for traders:

Buy EUR / USD on July 19 can be with the target of 1,1680 with a Stop Loss level under the correction level of 38.2%, as there was a close above the level of 1.1639.

To sell the EUR / USD pair will be possible with the target of 1,1590, if the closing is carried out under the correction level of 38.2%, with a Stop Loss order above the Fibo level of 1.1639.

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