17.10.201111:41 Forex Analysis & Reviews: EUR/USD Weekly Forecast For October 17th - 21st / 2011

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.

DESCRIPTION :

Last week the EUR/USD tried to test the dynamic resistance Simple Moving avarage (10) at the 1.3896 level; if next week the currency is successfully continuing its movement toward and above level 1.3896, then 1.4040 Fibonacci Resistance 50% will be the next destination for EUR/USD. Conversely, if it turns out that next week EUR/USD reverses course to the level 1.3684 then 1.3650 would be the primary target and 1.3625 and 1.3600 will be the next targets.

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.