Podmienky obchodovania
Nástroje
Red lines- bearish channel
Black lines- Fibonacci retracements
EURUSD has started the week exactly how it ended the previous one. Dollar weakness across the board and EURUSD making short-term higher highs and higher lows. Price has so far retraced the 61.8% of the decline from 1.0368. This Fibonacci retracement level is key resistance. Short-term trend might be changing to bullish, however price remains inside the medium-term bearish channel. Next resistance is at 1.0260. Breaking above this level will increase chances EURUSD moves higher towards 1.04.
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.