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InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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Forex News

2015.05.0509:02:00UTC+00Eur/usd Pares It Loss After Weak Trade Deficit,jump Till 1.12230 Is Possible

  • EUR/USD has recovered after the release of US Trade deficit Trade deficit leaps to highest level since 1996 as imports surged a record 7.7% to $239.2 billion. 
  • Technically EUR/USD has recovered after making a low of 1.1065. Intraday trend is bullish as long as support 1.100 holds. 
  • The minor resistance is around 1.11670 (200 day 15 min MA) and break above will target 1.12235/1.2890. 

It is good to buy around 1.11500 with stop around 1.1000 for the targets of 1.1223/1.12885.

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