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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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



EURUSD short-term bounce possible.

EURUSD remains in a bearish trend making lower lows and lower highs. Price has reached our 1.1750 target after breaking below 1.18 and is moving lower. Price is trading below the 61.8% Fibonacci retracement. Bulls do not want to see price move much lower than this retracement level as the chances of a reversal will decrease.


Blue lines- bullish divergence

The RSI in the 4 hour chart is providing us with a bullish divergence. This is not a reversal signal, it is only a warning that bears should not be overconfident. A bounce higher is justified from current levels. Resistance is at 1.1790 and a break above this level will signal a bigger bounce is coming. If the RSI makes a new lower low then we should expect the down trend to continue and price to challenge the 1.17-1.1665 lows.

The material has been provided by InstaForex Company -