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 December 19, 2017

EUR/USD is in a neutral short-term trend but vulnerable to the downside. I expect EUR/USD to break lower towards 1.14 over the coming weeks. Key levels for this scenario to come true are 1.17.35 and 1.1965.

analytics5a38e6724a6b8.png

Black rectangle - critical support

Blue trend lines - resistance

EUR/USD is inside the 4-hour Kumo (CLOUD). Trend is neutral as price is trading between 1.17-1.1850 for the last few days. Short-term resistance is at 1.1820-1.1830. Support is at 1.1765. Break support and we are going to challenge the black rectangle area just above 1.17 which is critical support. Break above the blue trend lines and we are going to challenge 1.1950.

analytics5a38e6edd3dc1.png

Black rectangle - critical support area

So far price remains above the critical support area. Breaking below it will push price towards the red rectangle area and the Ichimoku cloud support around 1.14. This is my preferred scenario. However there still no confirmation of such a bearish move starting yet.

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