Inside the trading range you can see diferent levels of support green arrows and resistance red arrows. From the creators of MultiCharts. The Euro continues to push upward, hitting the highest level in almost a month and taking aim at the 1. FX Setups for the Week of January 7,
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Short is what we are looking for at our target levels! In the chart a trading range is shown, with horizontal peaks and troughs. Inside the trading range you can see diferent levels of support green arrows and resistance red arrows. It looks very bearish for the USD right now. First a bearish divergence, now a dubble top. See chart for my expectations and targets. A bear market for the USD is comming! USDEUR is situated into ascending channel,here we can see a nice uptrend but they need to retrace it a little until 0.
Yes no Maybe so. Jake Paul did nothing wrong. Big USD drop incomming. From the creators of MultiCharts. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.
You can manage your subscriptions by following the link in the footer of each email you will receive. The Euro continues to push upward, hitting the highest level in almost a month and taking aim at the 1. Prices turned upward as expected after establishing support following a plunge to seven-month lows below the 1. From here, a daily close above the 1. Alternatively, a reversal back below the An actionable trade setup absent for now.
On the other, the absence of a defined bearish reversal signal hints it is premature to take up the short side. Staying flat seems most prudent for the time being. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. Euro Soars to 1-Month High. Fundamental analysis, economic and market themes. Please enter valid email. Please fill out this field.