Kereskedési feltételek
Products
Eszkozok
Green lines- Fibonacci retracements
EURUSD is trading around 1.0555 as price remains in a short-term bullish trend. Price has reached very close to the 38% Fibonacci retracement level where we find the first important medium-term resistance level. A pause to the rise is expected at this level. Even a pull back is justified, but we also expect the upward move to continue after a break. The RSI has not reached overbought levels. There is still more upside to be seen, but the chances for this happening in the near term are very low. On a weekly basis there is no sign of a reversal or a stop of the upward movement that started at the end of September. Traders need to be cautious when trading next to key Fibonacci levels.
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.