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*

EUR/USD intraday technical levels and trade recommendations for March 11, 2019

analytics5c868bf82b7ee.jpg

On January 10, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Bullish fixation above 1.1430 was needed to enhance further bullish movement towards 1.1520.

However, the market demonstrated obvious bearish rejection around 1.1430

That's why, the current bearish movement was seen towards 1.1175 (channel's lower limit) where some limited bearish recovery was demonstrated on March 7th.

Bullish persistence above 1.1235 (Fibonacci 23.2%) is mandatory to enhance further advancement towards 1.1300-1.1330 (the depicted supply zone).

On the other hand, bearish breakout below this level (1.1235) may liberate a quick decline towards 1.1160 again.

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