03.08.201113:13 Forex Analysis & Reviews: EUR/USD Intraday Technical analysis

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The spot rate has bounced on the lower limit of its medium term bearish channel in 1.4150 and approach to the intermediate resistance of this one to 1.4270. A break of these levels would allow it to reach the upper limit of the channel to 1.4420.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4270 with a 1st objective of 1.4370, then 1.4420. A break in 1.4240 would invalidate this scenario.

Back to the list

Open trading account

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.