Hi all,
Here is the Market Analysis for today.
As we can see the EUR/USD prices are trading in a narrow range ahead of the Spanish Bond Auction today. We expect the prices to test the Fibonacci 23.6 % at the 1.3175 level and should it breach up this level, it will push the prices up towards the 1.3230-1.3250 area.
However if the prices may still trading within the bottom of the main key resistance at the 1.3150-1.3175 area, this would be a signal that it will resume its downward movement towards the 1.3050 level then to the 1.2980 level .
Good Luck for all,
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
Here is the Market Analysis for today.
As we can see the EUR/USD prices are trading in a narrow range ahead of the Spanish Bond Auction today. We expect the prices to test the Fibonacci 23.6 % at the 1.3175 level and should it breach up this level, it will push the prices up towards the 1.3230-1.3250 area.
However if the prices may still trading within the bottom of the main key resistance at the 1.3150-1.3175 area, this would be a signal that it will resume its downward movement towards the 1.3050 level then to the 1.2980 level .
Good Luck for all,
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter