MG Network

our website isOn Vacation

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*

EURUSD facing bearish pressure, potential for more downside!

analytics6188bf60efd1c.jpg

Price is holding below the Daily descending trendline and the 1st resistance at 1.15731 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Price could potentially bearish from 1st resistance at 1.15731 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension to 1st support at 1.14950 in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding below the EMA and the Ichimoku cloud and RSI is abiding to a descending trendline. Otherwise price may continue to bullish to 2nd resistance at 1.16125 in line with Horizontal swing high and 127% Fibonacci extension.

Trading Recommendation

Entry: 1.15731

Reason for Entry:

50% Fibonacci retracement and 61.8% Fibonacci extension

Take Profit: 1.14950

Reason for Take Profit:

-27.2% Fibonacci retracement and 61.8% Fibonacci extension

Stop Loss: 1.16125

Reason for Stop Loss:

Horizontal swing high and 127% Fibonacci extension

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