Permanecer 
Condiciones de negociación
Products
Herramientas
EURUSD rose through fresh swing highs at 1.0584 during the early Asian session on Monday, barely a few pips away from 1.0600 as projected earlier. The single currency pair has eased off a bit and is seen to be trading close to 1.0555 at this point in writing. A high probability remains for a break below the 1.0400 initial support as the bears are poised to be back in control.
EURUSD seems to have finally hit the projected target just shy by a few points to 1.0600. The last wave rally from 0.9740 also seems complete as prices hit the Fibonacci 1.271 extension as projected on the daily chart here. The larger-degree downtrend could resume anytime soon and drag prices below 0.9535, going forward.
EURUSD is facing resistance at around 1.0750, while support is seen at 1.0400 (short-time frame), followed by 1.0220 lower. A break below 1.0400 is the minimum requirement to confirm that prices are heading south. On the flip side, a push above 1.0584 will open the door to test 1.0750 before the bears are back in control.
Potential bearish reversal against 1.0700
Good luck!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
