The bulls are aiming to surpass the resistance level in the 1.1250s for the EURUSD currency pair, currently trading at 1.12445.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/USD bulls look to break the 1.1250s resistance.
EUR/USD was higher by some 0.18% in late New York trade after it fell from Monday’s minor new trend high at 1.1249 to Friday’s 1.12045 low before moving back to the upside with eyes on a break of channel resistance. The US Dollar is on the back foot again following last week’s tumble — its biggest drop of the year — as the market prepares for US Retail Sales on Tuesday.
Meanwhile, the price displaced to the upside and this could lead to a significant correction for the days ahead as the above daily chart illustrates.
The market is coiled and a breakout could be on the cards. However, the following shows, there are prospects of a bullish continuation also:
We had a recent spike to the downside as the hourly chart shows. we have subsequently rallied and a break of the 1.1250s could be imminent.
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
