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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.



Expert In



Brief trading recommendations for EUR/USD and GBP/USD on 07/15/20


The EUR/USD currency pair moves within the range of 1.1400/1.1440, which has repeatedly played the role of resistance in the market. If the market systematically finds the resistance point in the same coordinate, the trader receives a signal of a possible reversal in advance. That is why, if the pattern associated with the area of 1.1400/1.1440 is repeated, then we will see a downward movement again.

It is recommended to sell the pair at a price lower than 1.1380 with the prospect of a movement to 1.1350-1.1300.


For the GBP/USD currency pair, the quote has a slight slowdown within the range of 1.2565/1.2580, which arose after a sharp upward price movement. If the price has a closed cycle of oscillation, then a breakdown of one or another border can give the market a local movement in the direction of breakdown. Thus, our trading tactics will be to work on the breakdown of one of the framework of 1.2565/1.2580

- It is recommended to buy a pair at a price above 1.2585 with the prospect of a movement to 1.2620

- It is recommended to sell a pair at a price lower than 1.2560 with the prospect of a movement to 1.2540-1.2500


The material has been provided by InstaForex Company -