Podmienky obchodovania
Nástroje
Today's Support and Resistance levels:
R3: 1.5650
R2: 1.5628
R1: 1.5615
Current spot: 1.5615
S1: 1.5567
S2: 1.5546
S3: 1.5516
Technical summary:
Since the August 2013 high at 1.7274, a major X-wave has been unfolding. This X-wave could have terminated with the test of 1.5478, just above the 78.6% corrective target of the rally from 1.4966 to 1.7274 at 1.5460. If the X-wave is indeed over, we will ideally see support in the 1.5546 - 1.5567 area for a break above resistance at 1.5650 and more importantly above resistance at 1.5706, that will confirm that a long term bottom is in place for a major rally higher to above the August 2013 high at 1.7274.
Trading Recommendation:
We bought EUR at 1.5585 and will place our stop at 1.5470. If you are not long in EUR yet, then buy EUR near 1.5546 with the same stop at 1.5470.
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.