Volkov Yuriy
Fun Poster
- Messages
- 267
- Joined
- Nov 8, 2013
- Messages
- 267
- Reaction score
- 0
- Points
- 10
The EUR/USD keeps trading in a narrow channel
Euro
The EUR/USD plans to continue a downward trend.
At this point, the trading continues between two strong levels: 1.3840 - 1.3760. The price is located almost in the middle of those levels while initially it strayed from the resistance 1.3840, above which it failed to consolidate after a short break.
The support levels are 1.3720 - 1.3740, and the resistance levels are 1.3810 -1.3830.
MACD is a zero area, which indicates the current corrective movement.
READ MORE
Trading Recommendations
The EUR/USD continues the consolidation after the channel breakdown. This scenario assumes the market continuation to decrease to the level 1.3750 break.
Alternative Trading
The resistance 1.3840 break will lead up to a reversal downward trend. The potential target for the growth should be the level 1.3900.
Euro
The EUR/USD plans to continue a downward trend.
At this point, the trading continues between two strong levels: 1.3840 - 1.3760. The price is located almost in the middle of those levels while initially it strayed from the resistance 1.3840, above which it failed to consolidate after a short break.
The support levels are 1.3720 - 1.3740, and the resistance levels are 1.3810 -1.3830.
MACD is a zero area, which indicates the current corrective movement.
READ MORE
Trading Recommendations
The EUR/USD continues the consolidation after the channel breakdown. This scenario assumes the market continuation to decrease to the level 1.3750 break.
Alternative Trading
The resistance 1.3840 break will lead up to a reversal downward trend. The potential target for the growth should be the level 1.3900.