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...
Intraday outlook in EURUSD is neutral with risk to the downside at the moment , resistance at the 1.2600 levels while support at the 1.2503 levels . On the downside , losing the 1.2503 levels on a 4 hour closing basis will turn outlook towards the 1.2442 levels , a halt is likely , but a cut will open 1.2397 next , further downside will aim the 1.2357 levels .
On the upside , resistance comes at the 1.2600 levels , a break will extend gains towards the 1.2630 levels . At this point…Continue
The EURUSD Maintained a bullish momentum yesterday , printed support at the 1.2442 levels and topped at the 1.2546 levels .This development leaves the pair targeting the 1.2576 levels , a halt is likely , but a breach will turn focus on the 1.2638 levels where strong rejection is suggested . If this important resistance is taken out , expect the pair to strengthen further towards the 1.2770 levels ahead of the 1.2886 levels.
On the downside , support comes at the 1.2442 levels ,…Continue
Outlook in EURUSD remains neutral at the moment وwith the key support 1.2393 intact , further upside couldn't be ruled out , but upside gains should be limited by 1.2638 levels where fall resumption is strongly suggested .However ; a clear break above the 1.2638 levels on a daily closing basis will extend recovery towards the 1.2770/1.2886 levels , further upside will aim the 1.2994 levels.
On the downside , support comes at the 1.2393 levels , losing this level on a daily closing…Continue
Despite recovery we witnessed last week , outlook in EURUSD remains on the downside as long as resistance 1.2613 holds on a weekly closing basis , stability below the 1.2613 levels on a weekly closing basis could mean a return to the 1.2485 levels , a clear break would open 1.2393/1.2357 levels , a cut will bring free fall towards the 1.2200 levels , further losses will aim the 1.2042 levels .
On the upside , resistance comes at the 1.2613 levels , sustained trading – weekly closing –…Continue