Trading Conditions
Products
Tools
EUR/USD has pulled back towards its support at 1.16-1.1630. EUR/USD is most probably back testing the break out area and should bounce from current levels. I'm bullish as long as we trade above 1.16.
Red line - broken resistanceDark blue line - short-term support
Green line- Medium-term support
Blue dots - medium strength support
Orange dots - medium strength resistance
EUR/USD should bounce from current levels. I'm bullish here. I expect EUR/USD to move to new highs and break above the double top at 1.1720-1.1740 area for a move towards 1.19. The bearish Head and shoulders pattern has been canceled as price has moved above the right hand shoulder. However a break below 1.1520-1.15 will open the way for a move towards 1.14-1.1350.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.