Rimani 
Condizioni di trading
Strumenti
There is a pullback from 1/8 Murrey Math Level which highlights an opportunity to have a reverse and an upward correction at last. The price tried to break Super Trend Line for a few times, but the pair is still consolidating below this level. Thus, the subsequent break of ST-Line will confirm that EUR/USD has bottomed. It is also possible that the pair may test 1/8 MM Level one more time. If this line acts as support again, there will be more evidence for the bullish outlook.
The nearest bullish target is 3/8 MM Level which has been acting as resistance since the price broke it last week. Additionally, if the pair goes through this level, we should watch 4/8 MM Level which strengthened by higher timeframes and might act as strong resistance. However, we could expect a longer upward price movement only if the pair breaks Daily Super Trend Line and consolidates above it.
The bottom line is that EUR/USD is getting bullish because of a pullback from 1/8 Murrey Math Level. Nevertheless, we should wait for more proof of this scenario, such as a breaking-out Daily ST-Line and subsequent consolidation above 3/8 MM Level which are acting as resistance for now.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
