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*

EUR/USD fresh uptrend aims at 1.1700

analytics616ee1334e304.jpg

The EUR/USD pair is traded at the 1.1642 level at the moment of writing. It has decreased a little after reaching the 1.1661 level. Now, this level which is the former high is seen as an upside obstacle. The price needs to jump and stabilize above it to be able to confirm further growth.

In the short term, a temporary decline was expected after its most recent rally. As long as it stays above the uptrend line, the EUR/USD could resume its swing higher. Failing to come back to test and retest the uptrend line may signal imminent upside momentum.

EUR/USD Trading Conclusion

The EUR/USD has decreased a little but the outlook remains bullish, and the pair could still increase despite a minor retreat. Jumping above the 1.1661 high is seen as a potential buying opportunity with an immediate upside target at the 1.1700 psychological level.

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