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 August 10, 2020:

Technical Market Outlook:

The EUR/USD pair has moved lower during the corrective cycle and hit the level of 1.1755, which is the main channel lower line. Any violation of this level will only deepen the correction towards the next key technical support seen at the level of 1.1655. The momentum is below the fifty level already and the market is coming off the overbought conditions as well, so odds for another wave down are quite high. The nearest technical resistance is seen between the levels of 1.1790 - 1.1813.

Weekly Pivot Points:

WR3 - 1.2109

WR2 - 1.2010

WR1 - 1.1819

Weekly Pivot - 1.1788

WS1 - 1.1633

WS2 - 1.1672

WS3 - 1.1572

Trading Recommendations:

The EUR/USD pair confirmed the up trend, so all pull-backs and corrections should be used to accumulate the EUR. The next targets in the long-term are seen at the levels of 1.2000 - 1.2089. There is no indication of any bigger correction to come, so all the dips should be bought until the level of 1.1347 is clearly violated.

analytics5f30de06c2350.jpg

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