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*

Fall of the euro. What targets should be expected?

The fall of the current week indicates that the downward momentum has received a new round of development. Today, the monthly low is being updated and there are no restrictions on weakening yet. Now, the pair has reached the zone of the weekly average move, so it is necessary to fix part of the sales, as the probability of the formation of a corrective upward movement increases. The probability of continuing the fall next week is still above 80%.

analytics611dd5f80fed6.jpg

A good target for medium-term fixations will be the level of 1.1591. So far, it looks optimistic. However, the number of applications for the purchase of the European currency is still quite large, which suggests a continuation of the decline within the average weekly moves, which amount to 140pp. In the next couple of days, it is better to concentrate on finding favorable selling prices for the instrument. We can consider the zone that was the August low last week.

analytics611dd5fae3433.jpg

Selling price - 1.1700

Stop loss - 1.1730

Take profit - 1.1591

Risk/profit ratio - 1 to 3

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