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*

Trading plan for EURUSD for July 08, 2019

analytics5d22e0d6a5b69.jpg

Technical outlook:

The EUR/USD pair has dropped lower as expected and it is likely to print one more low around the 1.1190/1.1200 mark. Please note that the above level is also the Fibonacci convergence as highlighted above. Trading point of view it is good to initiate long positions between 1.1190/1.1220 levels with risk below 1.1107 respectively. Prices are trading extremely close to a major support at 1.1180 and a turn ahead of that would be considered to be bullish. Even if prices break below 1.1180 levels, it is expected to produce a pullback rally towards 1.1340/50 levels before continuing the downtrend. Hence, in either case, a rally is expected towards 1.1340/50 levels minimum from current or around 1.1200 levels respectively. If our forecast comes true, we still maintain a bullish bias against the 1.1107 lows.

Trading plan:

Long between 1.1190/1.1220 stop below 1.1107, target is open.

Good luck!

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