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Thread: EUR/USD Forex Signals

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    Member CorporateProfit's Avatar
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    Lightbulb EUR/USD Forex Signals

    Over the past 2-3 days there was no important fundamental data. So the EUR was trading quietly without any changes. In the morning trade, the euro/dollar pair managed to break through yesterday’s high at the level of resistance at 1.1351. It is highly possible that the EUR will move higher above 1.1400. However, as it usually happens, the downward correction is also possible. I think that the euro will first edge lower to 1.1321 and only after that will it rise to 1.1360.

    Trading targets for today:

    1. The main trading direction will stay within the channel of 1.1285 and 1.1345
    2. To set an uptrend, the bulls need to push the euro above 1.1400.
    3. If the euro moves below 1.1274, it will mean the start of the downward movement.
    4. The volatility is high today as the tensions between the US and China bring some uncertainty to the market.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member PromiseOE's Avatar
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    Pheeew!
    EUR/USD is now an epitome of unprecedented prejudice.

    Lowering financial stock to an ambient state of jeopardy and elevating it's value with Traders being unprepared 'bout it's projection.

    1st November, 2020 at 1.0 lot, EUR/USD traded at 12% elevation of it's regular margin lapses and deflated it's value by over 4.7 - 4.4% of it's trading margin.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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