Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Intraday trading recommendations:
- The EUR/USD pair in the short term.
- According to the previous events, the price has still moved between 1.3575 and 1.3600. The level of 1.3624 will indicate strong resistance, and minor resistance has set at 1.3597. Moreover, the price will form a new strong spot at this level. Also, it should be noted that the price of 1.3624 is coinciding with the weekly pivot point in H1 chart. Therefore, it will be of prudence to sell at 1.3624 or 1.3597 in the short term with the first target at 1.3585, then it will continue towards 1.3565 in order to test the weekly support 1. On the other hand, the level of 1.3565 will indicate strong support. Additionally, this price will form a double bottom at 1.3562 (on July 4, 2014). For that reason, it will be very profitable to buy at 1.3562 with the first target at 1.3600, then continue towards 1.3625. And the stop loss should be placed below 1.3560 at the level of 1.3533.
- Please check out the market volatility before investing, because the price may have already been reached and scenarios might have become invalidated.
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.
Stay 
