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 07.05.2019

Technical Market Overview:

The EUR/USD pair has made it to 61% of the Fibonacci retracement of the previous wave down and the price is testing the level of 1.1215. This would be a perfect place to terminate the corrective bounce and go back to the downtrend. Any higher movement towards the technical resistance zone located between the levels of 1.220 - 1.227 will increase the odds for the rally towards the swing high at the level of 1.1264 and then the bearish outlook will be invalidated.

Weekly Pivot Points:

WR3 - 1.1382

WR2 - 1.1317

WR1 - 1.1252

Weekly Pivot - 1.1192

WS1 - 1.1128

WS2 - 1.1061

WS3 - 1.0995

Trading Recommendations:

The down move continues, so the best day trading strategy is to short the local upwards corrections at the Fibonacci retracements (like 50% or 61%) or around the technical resistance levels. The target is seen at the wing lows around the level of 1.1112.

analytics5cd118be3ba54.jpg

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