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*

Analysis of EUR / USD Divergences for January 31. Fed helped Euro currency

4h

jEPKoBot5MYWmAYBaex_z_D4I2dvzl1eT_-b3EC3

The currency pair EUR / USD reversed in favor of the EU currency and resumed the growth process towards a correctional level of 50.0% - 1.1517. Rebounding quotes from the Fibo level of 50.0% will allow traders to count on a reversal in favor of the American currency and a slight drop towards the level of 38.2% - 1.1446. Fixing the pair above the Fibo level of 50.0% will increase the chances of continued growth in the direction of the next correction level of 61.8% - 1.1587.

The Fibo grid is built on extremes from September 24, 2018, and November 12, 2018.

Daily

HLb3qCo_Hfkwrd56G9h8bjFUAMxmCEtr4ma2DH8a

On the 24-hour chart, the currency pair continues to grow in the direction of the Fibo correction level of 100.0% - 1.1553. The end of the pair on January 31 of the level of 100.0% will allow traders to expect a reversal in favor of the US dollar and a slight decline towards the correction level of 127.2% - 1.1285. There is no indicator of the emerging divergences today. Closing the pair above the Fibo level of 100.0% will increase the likelihood of further growth.

The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.

Recommendations to traders:

New purchases of the currency pair EUR / USD will be possible with the goal of 1.1587 if the pair closes above 50.0%, and a Stop Loss order under 1.1517.

Sales of the currency pair EUR / USD can be carried out with the target of 1.1446 with a Stop Loss order above the Fibo level of 50.0% if the pair bounces off the level of 1.1517.

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