banner-img
banner-img
banner-img
12 Oct

EURUSD looking for break strong resistance level

admin Forex Technical outlook 0 Comments

EURUSD reached my previous target at 1.1393, As per my Fiber previous technical preview EURUSD reached target at 1.1393, Market will struggle this area, because I expect this area as strong resistance level (market has reversed today from 200 days simple moving average at 1.1396, as we as long term resistance at 1.1393).

On the upside, If break this resistance level I would like to expect in 1.1453.

On the downside, I expect the downside support area, so are 1.1317, 1.1258.

I recommended to BUY when the market comes support's, Sell when the market comes to resistance. Right now over all trend sideways.

EURUSD strong break downtrend resistance

Previous Next
 
Share This Post
 
 
banner-img
banner-img
banner-img
watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000

Since
2009

watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus

Since
2013

banner-img

Facebook

Twitter

Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.