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*

EURUSD remains in a short-term bearish trend.

EURUSD made a new lower low today at 1.2092. Our first pull back target was at 1.2050. Important Fibonacci support level is found at this level. EURUSD is making lower lows and lower highs. Short-term trend is bearish and we remain bearish as long as price is below 1.2190.

analytics60c77a19c9261.jpg

Blue lines- Fibonacci retracements

Black line - resistance

EURUSD is in a bearish short-term trend as long as price is below the black trend line. This resistance is now at 1.2190. Support is at 1.2050. I believe that the downward move is far from over and we should expect more EUR weakness. The RSI shows no reversal warnings in the 4 hour chart yet, so I believe we are not done with the pull back.

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