MG Network

our website isOn Vacation

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*

EUR/USD New Reversal Pattern!

EUR/USD has managed to increase a little after DXY's drop from today's high. It's still trapped within a Falling Wedge pattern, so we have to wait for a valid breakout before taking action.

The US is to release the Building Permits and the Housing Starts tomorrow, while the German PPI and the Euro-zone Current Account could bring life to this pair. The ECB and the manufacturing and services data could be decisive during the week.

EUR/USD Falling Wedge!

analytics60f5b7f38529d.jpg

EUR/USD failed to reach and retest the Falling Wedge's pattern downside line signaling the downside is somehow limited. It has increased, but it has registered only a false breakout with great separation above the weekly pivot point (1.1817).

In the short term, it could move sideways before making a valid breakout from this pattern. We have to wait for the breakout direction before taking action. An upside breakout and a new higher high could really signal upside reversal.

Forecast!

Jumping and stabilizing above the weekly pivot point (1.1817) and through the downtrend line is seen as a bullish signal!

Only a drop below the weekly S1 (1.1755) could invalidate the bullish scenario.

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