Permanecer 
Condições de Negociações
Ferramentas
The EUR/USD currency pair continues to move along the average level of 1.1810 (line no. 5), where the amplitude of 1.1780/1.1850 has become a temporary level in the market.
The longer the quote follows in a narrow amplitude, the higher the probability of a surge of activity, if a particular oscillation boundary breaks down.
Based on the obtained data, we can consider scenarios for possible market development:
- Buying a currency pair at a price above 1.1850 is recommended, with the prospect of moving to 1.1880-1.1900
- Selling a currency pair at a price below 1.1780 is recommended, with the prospect of moving to 1.1755-1.1700.
Meanwhile, the GB/PUSD currency pair managed to get closer to the upper border of the side channel on the wave of the upward movement 1.2985 // 1.3085 // 1.3185 (lines no. 6, 5, and 4), where there was a natural slowdown.
If we continue from the consecutive rebound of the price on July 31 and August 6, we can assume that the current slowdown may become a reversal of the downward movement in the direction of line no. 5 (1.3085 area).
Alternatively, the market development will be considered in case of price consolidation above the level of 1.3200, in the direction of local highs on August 19 and 21.
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.
