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*

March 27, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

analytics5c9b7add7b242.jpg

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

Last week, a bullish breakout attempt was executed above 1.1327 (the upper limit of the current demand zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On Thursday, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1260.

The short term outlook for EURUSD pair remains bearish towards 1.1235, 1.1180 and .1140.

Bearish persistence below 1.1280 is mandatory to pursue towards the next bearish targets. Otherwise, another bullish pullback would be demonstrated towards 1.1350 once more.

Trade recommendations :

Based on previous recommendations, for those who sold the EURUSD around 1.1385 should lower their SL to 1.1290 to secure some profits.

RemainingTP levels to be located around 1.1235 and 1.1180.

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