
We have outlooked several promising Forex pairs and the result can surprise you!
Don’t waste your time – keep track of how NFP affects the US dollar!
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EUR/USD is consolidating in a sideways horizontal range with a slight bearish bias. Consolidations like this are always followed by breakouts. It’s necessary though to put the entry levels at a reasonable distance from the current price so that a slightly broader consolidation doesn’t accidentally trigger the order.
Although EUR/USD rebounded from support in the 1.11 area last week, the 100- and 50-day MAs in the 1.1220/40 area seem like a hard obstacle for bulls. An advance above the last week’s high (1.1250) is needed to open the way for a bigger bullish correction. The downside, on the other hand, is guarded by 1.1160.
We have outlooked several promising Forex pairs and the result can surprise you!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
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