DESCRIPTION:
Two days ago this currency got a significant pressure by some negative issues from the Eurozone like protests in Greece, the French President, who wants to control and stabilize the Euro currency unpredictable and volatile movement to protect all the Eurozone member countries, etc. But yesterday this currency started to climb up again and today it is above all the three Moving Averages with a tight and ranging movement between 1.3575 and 1.3600.
Recommendation:
BUY stop pending order at 1.3606.
Take profit. 1 is at 1.3642.
Take profit. 2 is at 1.3700 (optional).
Stop loss is at 1.3548.
Or
SELL stop pending order at 1.3557.
Take profit is at 1.3543.
Stop loss is at 1.3567.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email: 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.
