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EURUSD continues to trade near 1.2130. Price has been trading around 1.21-1.2145 for the last 5 sessions. The zone at 1.2130-1.2145 is confirmed resistance area and a break above is needed in order for the uptrend to resume towards 1.2180-1.22.
Price is turning lower after another try to break above 1.2145. Short-term support is found at recent low at 1.2080. EURUSD is expected to make another move lower at least towards 1.2050 which is the 50% Fibonacci retracement of the upward move from 1.1950 to 1.2150. For intraday traders current price action favors bearish positions as the risk reward favors bears. The stop for a bearish trade is very close (1.2150) while that for a bullish position at 1.1950.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.