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 on December 20. The pair predicts to fall to 1.13

4h

GsZk0MKSaee1k8k-KsfufW7gd1eXQV4uxBMmpoCC

The EUR / USD currency pair has completed growth to the correctional level of 76.4% - 1.1423 and rebound from it. Thus, a reversal was made in favor of the American currency and a fall began in the direction of the Fibo level of 100.0% - 1.1303. The ripening divergences on December 20 are not observed in any indicator. Fixing the pair over the correction level of 76.4% will work in favor of the euro currency and continuing growth in the direction of the next Fibo level of 61.8% - 1.1497.

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

Daily

grlkBWzv_HYeVPeN3y6A14l4BOKzk2GtZtsYZtVz

On the 24-hour chart, the pair, performing a rebound from the correction level of 127.2% - 1.1285 retains the chances of continued growth in the direction of the correction level of 100.0% - 1.1553. Maturing divergences are not observed on the current chart for any indicator. Fixing a pair of quotations below the Fibo level of 127.2% will work in favor of the US dollar and resuming the fall in the direction of the correction level of 161.8% - 1.0941.

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

Recommendations to traders:

New purchases of the EUR / USD currency pair can be made with the target of 1.1497 and a Stop Loss order under the Fibo level of 100.0% if the pair closes above the level of 1.1423.

Sales of the EUR / USD currency pair can be carried out now with the goal of 1.1303 with a Stop Loss order above the Fibo level of 76.4% since the pair completed the rebound from the correction level of 1.1423 (hourly chart).

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