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*

Short-term technical analysis of EURUSD for April 30, 2019

EURUSD has reached our first short-term target at 1.12 and is trading above it but below short-term trend line resistance. Medium-term trend remains bearish as long as price is below 1.13-1.1350.

analytics5cc8a905a1edf.png

Red line - support

Blue line - short-term resistance trend line

Black line - major resistance trend line

EURUSD has bounced as expected towards 1.12. Price has reached the 50% Fibonacci retracement and just below the blue short-term trend line resistance. A rejection at current levels will open the way for a move back to 1.11. RSI has not reached overbought levels yet and this implies that we may see this short-term bounce continue higher. Breaking above 1.1250 will open the way for a move towards 1.13-1.1330 where we find major trend resistance.

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