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*

Technical analysis of EUR/USD for 03/10/2019

echnical Market Overview:

The EUR/USD pair has made local high located at the level of 1.0966, just at the technical resistance level. The bulls still have a chance for a move towards the level of 1.1024 and higher towards the level of 1.1075, but they need to break out of the descending channel. The momentum is now above its fifty levels, so it is positive and strong, and the market conditions are not overbought yet as well. There is a chance for another leg up towards the next targets, but it must be made soon, otherwise, the bears will regain the control over the market again and push the prices towards the technical support at the level of 1.0879.

Weekly Pivot Points:

WR3 - 1.1116

WR2 - 1.1087

WR1 - 1.0996

Weekly Pivot - 1.0951

WS1 - 1.0872

WS2 - 1.0826

WS3 - 1.0757

Trading Recommendations:

The best strategy for current market conditions is to trade with the larger timeframe trend, which is down. All upward moves will be treated as local corrections in the downtrend. The downtrend is valid as long as it is terminated or the level of 1.1445 clearly violated. There is an Ending Diagonal price pattern visible on the larget timeframes that indicate a possible downtrend termination soon. The key short-term levels are technical support at the level of 1.0926 and the technical resistance at the level of 1.1267.

analytics5d958d871a15e.jpg

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