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 July 5, 2021

EURUSD is bouncing higher towards resistance. Price is now trading at 1.1860 challenging the important resistance trend line coming from 1.2230. The RSI has warned traders of a coming bounce. If price is unable to break above 1.1875 soon, then we should not be surprised if EURUSD makes a new lower low towards 1.1750-1.18.


Green line - resistance

Blue line -bullish divergence

EURUSD remains in a bearish trend as price continues making lower lows and lower highs. Bulls will need to break above 1.1975 in order to confirm a trend change. Major support is found at 1.1750 and a new low towards 1.1750-1.1770 is still in play, as long as price is below the green trend line resistance. If price makes a new lower lows, it is important to keep an eye on the RSI. In the case of a second bullish divergence, the chances for a major reversal will increase dramatically.

The material has been provided by InstaForex Company -