Tag: Forex

Comments On Forex

The pair remained within the ranges established, as a sign of weakness. The current market conditions, exaggerated the move. Stops were placed at 1.4750. The couple marked the level of resistance in the 1.5000 area. There was a technical evening trade. Probably the Bank of England to further reduce interest rates next month.

Liquidity in the market was moderate. Aggressive traders can buy now, but expected volatility. Many traders took profits. More volatility is expected. For Monday: All times EASTERN (-5 GMT) No publications EURO / USD Resistance 3: 1.2900 Resistance 2: 1.2850 Resistance 1: 1.2820/30 New York: 1.2712 Support 1: 1.2660 Support 2: 1.2580 Support 3: 1.2520/20 Comments On pair picked up at night within established ranges, so I believe there is a point of indecision. Stops were placed in the area of 1.2680. The minimum recorded during the week, fell.

The recovery surprised by what you can deduct the intervention of professionals. Officers were seen traders operating for the past 24 hours. The couple also suffered the effect of the pound and vice versa, so it is believed that both will reach. The euro will continue to pound the short term. The pair came under pressure and it is advisable to buy. It is expected more volatility. Double action is awaited. Several traders took profits despite the uncertainty in the market. For Monday: All times EASTERN (-5 GMT) 5:00 a.m. EUR Trade Balance foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and resources financial. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time.