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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.

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EUR/USD Buyers Could Take Full Control!

analytics60fafb77847f6.jpg

EUR/USD continues to stay above 1.1765 level signalings that the sellers are exhausted. Failing to stabilize below the former low, signals that the pair could come back towards the downtrend line again.

Failing to drop towards the downsloping line signaled an oversold situation and announce a potential growth.

Trading Conclusion!

EUR/USD could develop an important growth if it jumps and stays above the downtrend line. Such a breakout could signal a potential growth towards the 1.1900 psychological level.

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