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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



Technical analysis on EURUSD for June 17, 2021

EURUSD has reached our 1.2050 target and moved even lower after the FOMC yesterday. Price has now reached important Fibonacci support level and traders need to be cautious as a reversal to the upside from current levels is justified.


Blue lines - Fibonacci retracement

EURUSD has reached the 61.8% Fibonacci retracement level. This is important Fibonacci support. We usually see trend reversals at the 61.8% Fibonacci retracement level. However the RSI is still not in oversold area.and there is no bullish divergence in the 4 hour or Daily chart. Trend is still bearish but bears need to be cautious now. Next downside target is at 1.1825.

The material has been provided by InstaForex Company -