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.
Overview:
- The weekly pivot point of the EUR/USD pair has set at the level of 1.2353. Also, the daily pivot point set at the same price on December 10, 2014. Consequently, the market has still been calling for downward because the price set below the weekly resistance 1 at 1.2436 since yesterday. Accordingly, if the trend fails to close above the level of 1.2436, then it will be a good opportunity to sell below the weekly resistance 1 with the first target at 1.2353 (this level is going to represent the weekly support 1). Then it will be continued in downtrend towards 1.2246 in order to test the double bottom. On the other hand, the stop loss should always be taken into account because it should never exceed your maximum exposure amounts. As a result, the best location to set your stop loss should be placed above the double top at the level of 1.2450 (78.6% of Fibonacci retracement levels).
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 
