Permanecer 
Condições de Negociações
Ferramentas
1/8 Murrey Math Level has acted as support pushing the price higher. Super Trend Lines have formed a 'Bullish Cross' which bring more evidence that reverse has occurred. However, the price hasn't break 4/8 MM Level, so there's an ongoing local downward correction. The price is likely going to test Super Trend Lines in the coming hours which both could stop the correction. If this happens, there'll be a green light for another bullish rally.
The main intraday target is 6/8 MM Level which could be a starting point for a larget bearish correction. It's essential that the price should break 4/8 MM Level as confirmation for this scenario. If this level acts as resistance again, there'll be an option to have a local decline in the direction of 3/8 MM Level. However, if the pair fixates above 4/8 MM Level instead, there'll be an open door for bulls to achieve 6/8 MM Level. Additionally, if 6/8 MM Level turns out to be broken, we should watch 7/8 MM Level as the next target.
The bottom line is that a bullish reverse has happened in EUR/USD. Thus, after a short break, the market is going to continue moving up towards 6/8 or even 7/8 MM 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.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
