EURUSD consolidate already 5-weeks at 1.12. - InstaForex | Forex Forum | Forex world | InstaForex Forum
Instant Forex Trading

Welcome Guest ( Log In | )

 
Add Reply   New Topic
EURUSD consolidate already 5-weeks at 1.12.
 Topic Options
 
World-Signals.co...
post Jun 25, 2017, 07:55 PM
Post #1
Advanced Member
***
Group: Members
Posts: 113
Joined: February 25, 2016
From: Belgium
Member No.: 27,915

post Jun 25, 2017, 07:55 PM
Post #1
EURUSD could not find a clear direction already 5-weeks. The process of consolidation continues at levels of 1.12. It is waiting for a key event that would move the market into new direction.
The consolidation process may continue next week with slightly movements within the trading range of 1.1110 and 1.1290. The events that are important for the last week of June are U.S. Durable orders on Monday and GDP report on Thursday.
World-Signals.com trading strategy during the week is trading within the trading range. We will use the support and resistance levels to open long and short positions. If the trading breaks below the support level we are ready for short positions. The chances for short positions below the support level are lower than break above the resistance level.



World-Signals.com - Forex, Stock, Energy and Metal signals to the world
Go to the top of the page
 
+Quote Post
 


        1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 28th March 2024 - 03:27 PM