Kereskedési feltételek
Products
Eszkozok
Daily fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel.
This week, there has been a minor Intraday Demand level expressed at 1.3750 of the recent slide from 1.3965.
Four-hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850.
Price level 1.3850-1.3870 remains a significant supply zone (neckline of the 4H reversal pattern). It provided a valid SELL entry at retesting as expected. Stop loss should be located above 1.3870
On the other hand, failure to fixate above 1.3790 will expose the recent low 1.3748.
A slide below which opens the way towards lower lows located at 1.3700 and 1.3660.
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.