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*

Trading plan for EURUSD for May 01, 2020

analytics5eabc6595b526.jpg

Technical outlook:

The EUR/USD pair dropped to 1.0830 level yesterday before reversing higher again. We anticipated a retracement towards 1.0800 level but the pair went up. The pair is seen to be trading around 1.0954 levels at this point in writing and might be targeting resistance at 10990 as highlighted on the chart. A corrective drop seems to be due either from current levels or from 1.0990 level respectively. Prices are expected to drop around the back side of resistance turned support trend line around 1.0820/25 levels before resuming an upward trend again. The overall structure remains bullish until prices stay above 1.0636 level. EURUSD is targeting resistance at 1.1500 level. It might be preparing for an uptrend that could last for several months.

Trading plan:

Remain long and buy more on drop towards 1.0820/25, stop 1.0636, target is 1.1500

Good luck!

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