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 the divergence of EUR / USD for November 8. The euro has dried up around 1.15

4h

analytics5be3d96322dba.png

The EUR / USD currency pair rebounded from the correction level of 61.8% - 1.1497 and reversed in favor of the US dollar. As a result, the pair dropped to the Fibo level of 76.4% - 1.1422. The end of November 8 quotes from the correction level of 76.4% will allow traders to expect a reversal in favor of the EU currency and some growth towards the correction level of 61.8%. The ripening divergences today are not observed in any indicator. Fixing the rate of the pair below the Fibo level of 76.4% will increase the chances of continuing falling towards the next correction level of 100.0% - 1.1303.

The Fibo grid is built on extremes from August 15, 2018, and September 24, 2018.

Daily

BwNXllVy0Q-Q01n0aMKP9lxtFzr66faii8tnGJ5M

On the 24-hour chart, the EUR / USD currency pair continues to grow in the direction of the correction level of 100.0% - 1.1553. Rebounding the pair's quotations from the Fibo level of 100.0% will make it possible to count on a reversal in favor of the US currency and a slight drop in the direction of the correction level of 127.2% - 1.1285. There are still no divergences on the current chart. Fixing the pair above the Fibo level of 100.0% will increase the probability of further growth in the direction of the next correction level of 76.4% - 1.1789.

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

Recommendations to traders:

You can make purchases of the EUR / USD currency pair with a target of 1.1497 and a Stop Loss order below the Fibo level of 76.4% if the pair bounces the correction level of 1.1422.

The EUR / USD currency pair can be sold with the target of 1.1303 with a Stop Loss order above the Fibo level of 76.4% if the pair closes below the correction level of 1.1422.

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