Condições de Negociações
Ferramentas
EURUSD has reached our first target at the 38% Fibonacci retracement and is now bouncing off support. Price is testing resistance at 1.1280. Support at 1.1175 remains key for the short-term. Breaking below it will open the way for a move towards 1.1030.
Blue lines - bullish channel brokenBlack line - RSI resistance trend line
Red line - resistance trend line
EURUSD is bouncing off the 38% Fibonacci retracement and the RSI is breaking above the resistance trend line. Will we see a break above the red trend line resistance as well? The chances are in favor of a move higher but bulls need to keep a close eye on the 1.1325 resistance level which is next. A rejection at that area would be a bearish sign. In any case, bulls must hold above the 1.1175 level.
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.