Hi all,
The trading of this week has been opened on a gap which has been covered to support the downward movement of the EUR/USD prices, so today we expect it will decrease to reach the 1.3140 level , should it breach down this level , the next target would b towards the 1.3105 level which represents the bottom level of the upward channel .
Should the prices breach down this upward channel, the next target will be towards the 1.3050 level.
As for the key resistance level, it lays at the 1.3197 level and if the prices rise, this would be considered as a correction step and represents a great opportunities to open a sell positions on the short tem trading.
Good Luck
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The trading of this week has been opened on a gap which has been covered to support the downward movement of the EUR/USD prices, so today we expect it will decrease to reach the 1.3140 level , should it breach down this level , the next target would b towards the 1.3105 level which represents the bottom level of the upward channel .
Should the prices breach down this upward channel, the next target will be towards the 1.3050 level.
As for the key resistance level, it lays at the 1.3197 level and if the prices rise, this would be considered as a correction step and represents a great opportunities to open a sell positions on the short tem trading.
Good Luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter