Trading Conditions
Products
Tools
Technical analysis:
EUR/USD has been trading downside as I expected. There is the breakout of the triangle on the 4H time-frame, which is good sign for further downside movement.
Trading recommendation:
Due to the strong downside trend and the breakout of the triangle pattern in the background, I see potential for further drop.
Watch for the potential selling opportunities on the intraday rallies with the downside objective at the price of 0.9615.
MACD oscillator is showing strong downside momentum, which is good sign for further downside movement.
Key resistance is set at the price of 0.9910
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.