DESCRIPTION:
The EUR/USD pair has already trapped in the Sideways situation between the 1.3250 (Support) and the 1.3400 (Resistance). In the event of all the moving average has already had a "Golden Cross" formation, there is still a possibility for this currency to going down to test the level of 1.3250. There is no clear trend in the EUR/USD pair and it is not recommend trading unless you scalp trade at some level.
Recomendation:
Sell EUR/USD at 1.3249.
Stop loss is at 1.3259.
Take profit is at 1.3235.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
