Hi all,
The EUR/USD price are trading within a downward channel , however we notice on the chart , the Stochastic signals an overbought situation and the ADX indicator has breached down the 20 level which supported the weakness of the bullish momentum.
So today we expect the prices to reach the 1.3250 level which represents a great opportunities to enter a sell positions.
We recommend to our dear clients to keep an eye on tomorrow Italy bond auctions.
As for the key support level it lays at the 1.3150 level, should it breach down this level and the next target would be towards the 1.3105 level.
Good luck for all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
The EUR/USD price are trading within a downward channel , however we notice on the chart , the Stochastic signals an overbought situation and the ADX indicator has breached down the 20 level which supported the weakness of the bullish momentum.
So today we expect the prices to reach the 1.3250 level which represents a great opportunities to enter a sell positions.
We recommend to our dear clients to keep an eye on tomorrow Italy bond auctions.
As for the key support level it lays at the 1.3150 level, should it breach down this level and the next target would be towards the 1.3105 level.
Good luck for all
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter