1-Investments in financial products such as-trading foreign exchange -FOREX- on margin carries a high level of risk, and may not be suitable for all investors, the high degree of leverage can work against you as well as for you, before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite,any investment should only be done with risk capital.
2-Prices rise and fall and my past performance is no assurance of future performance.
3-I have no warranties or guarantees for my recommendations ,so I'm not responsible for any losses caused by them, you are free to follow them or not but I recommend to use my analysis as an additional tool to your trading style for more confirmations...
The EURUSD halted its weakness at the key support 1.2795, with the break of the key resistance 1.2890, the pair is likely to consolidate with bullish bias, next resistance is at 1.3030 where strong cap is suggested , so If 1.3030 holds, there’s a risk to back towards 1.2795 levels, losing this level on a daily closing basis would open the way towards 1.2625 levels first ,ahead of 1.2500 levels.
On the upside , a daily close above 1.3030 is likely to weaken to current bearish run but,…Continue
Recommendations: SHORT positions below 1.2901 with 1.2795 & 1.2700 as next targets.
Alternative scenario:The upside breakout of 1.2901 will call for a rebound to 1.2945/1.3030.
Description: The pair's already found resistance at 1.2901 level, as long as this level holds, look for further losses towards 1.2795/1.2700 levels, an hourly close above 1.2901 will call for a…
Recommendations: SHORT positions below 1.2890 with 1.2745 & 1.2625 as next targets.
Alternative scenario:The upside breakout of 1.2890 will call for a rebound to 1.3030/195.
Description: The EURUSD continued to maintaine its bearish momentum last week, now pressure will be on the key support 1.2745, a break below that level will open the way towards 1.2625 levels.On the…
Recommendations : SHORT positions below 1.2956 with 1.2890 & 1.2850 as next targets.
Alternative scenario : The upside breakout of 1.2956 will call for a rebound to 1.3010/50.
Description : The pair maintained a bearish momentum yesterday,stability below 1.2956 levels will keep the pair under pressure with risk towards 1.2890/1.2850 levels, on the upside , an hourly close above 1.2956 will delay the bearish scenario and…Continue