Hi all,
The EUR / USD rose 110 points on Friday thanks to positive expectations for the transactions between banks by about 4% to close at the end of the week at the 1.3250 level.
The euro at the beginning of the day is trading quietly at the highest levels reached Friday, and we notice on the hourly chart that prices are trading within a bullish channel and we notice the forming of Double Bottom at the 1.3270 level , which supports the downward trend , and any breach down of the key support level of 1.3235 will push the prices down to reach the 1.3156 level.
But is any rise of the euro against the dollar is considered as correction would represent great opportunities to enter sell positions.
Good luck Traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
The EUR / USD rose 110 points on Friday thanks to positive expectations for the transactions between banks by about 4% to close at the end of the week at the 1.3250 level.
The euro at the beginning of the day is trading quietly at the highest levels reached Friday, and we notice on the hourly chart that prices are trading within a bullish channel and we notice the forming of Double Bottom at the 1.3270 level , which supports the downward trend , and any breach down of the key support level of 1.3235 will push the prices down to reach the 1.3156 level.
But is any rise of the euro against the dollar is considered as correction would represent great opportunities to enter sell positions.
Good luck Traders
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter