Trading Conditions
Products
Tools
Technical summary:
Red wave ii is currently unfolding towards 126.73. Once red wave ii is over near 126.73, a strong acceleration towards 131.30 and likely slightly above iis expected n red wave iii.
In the short term, I am looking for minor resistance at 128.47 protecting the upside for a break below support at 127.86 and below support at 127.57. That is likely to confirm red wave c lower towards 126.73 from where we should look for a move higher again.
Trading recommendation:
Our stop at 127.70 was hit for a nice little profit. We will buy EUR again at 126.80 or upon a break above 128.48 (one order done cancels the other). Stop will be placed at 126.00
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.