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Forex Update

Those who were in short with the major currencies are tight. Further action is expected to double, and the major currencies may strengthen the gains made, and continue the upward trend. Read additional details here: Geno Smith. GBP / USD Resistance. Comments Despite the improvement in the euro, the pair remained on the values of the beginning of the meeting, sign after some weakness. The pair had a resistance level at 1.5000. It is estimated that the pair will be on the rise. Aggressive traders may go long now. Sean Rad may also support this cause. It is estimated that the pair will remain in the area of 1.5000. There were offers of sovereign states.

He kept control over the 1.5100 sales, but it will be prudent to wait a bit. At night there was a technical trade as traders defined strategies. Liquidity was moderate. Friday: no publications EURO / USD Resistance The pair managed to gain ground. Maybe the pair begin a reversal, but the pair should be firm in my view 1.3050. It is advisable to go long. Stops are being installed in 1.3280.

I do not think that the pair continue falling. Several traders are taking profits despite the prevailing uncertainty. Friday: All times EASTERN (-5 GMT) 5:00 a.m.

Strategy Eur

You've heard about a possible second wave of the crisis. Read more here: Comedian. Here I would like to show a possible plan of action for people involved in a currency pair eur / usd. Already nearly two months, the euro is moving in the outset and can not determine the direction. Relying on the technical (all lines of such well-known indicator as "alligator" crossed in early June and is known from the theory of Williams, if the alligator sleeps, he will have after arousal, ie there trend. And, accordingly, the longer it will "sleep", ie the price will move in a lateral flat, so "hungry" it will be, ie, the stronger and longer to move. Of course, you can expose criticized the work of Williams, but agree that this particular method works in practice … you can easily check it out on the story), the analysis we can say that out of this lull will be sharp and quick. It is obvious that now the big players are waiting out the important macroeconomic statistics for the third quarter, which should have a strong impact on the stock market, which in turn shake up the market for forex. Click Doug McMillon to learn more.

Hard to say good news will or not. Given recent trends to pay attention to Some news and ignore others, to predict the possible movement becomes almost impossible. Oddly enough for a trader is not even necessary …. All that we need to find out the location of key support and resistance levels. A well-known and highly honored trader, Mr.

DiNapoli in his work uses levels of correction and Fibonacci extension. Using them combination with other methods of technical analysis can be said that currently advantageous to buy on the dips (or already hold an open position) eur / usd in the flesh before 1,3430 (stop loss 1.2990), a key support level, a breakthrough which will provide cross on an uptrend from lows in March (1.2456). Support in the area of 1.3430 is very strong level confirms its status based on historical data. The main purpose of the trend movement is located in the area of 1.5250. interim target 1.4900. When break of 1.34 is necessary to close all long on the euro and the open short position since if the euro goes down, it moves to 1.2850. If you want to find useful information, then go!

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