DESCRIPTION:
The EUR/USD still continues its bearish movement, this already confirmed by all three Moving Averages still pointing to the downside and all threee Moving Averages of the "Death Cross" formation pattern. However, please pay attention to the 1.3250, if today this currency pacan touch this level, they will hold the Bearish momentum.
Recommendation:
SELL Stop (Pending Order) @ 1.3150.
Take Profit. 1 @ 1.3122.
Take Profit. 2 @ 1.3077 (Optional).
Stop Loss @ 1.3196.
Alternative:
BUY Stop (Pending Order) @ 1.3199.
Take Profit. 1 @ 1.3212.
Take Profit. 2 @ 1.3234 (Optional).
Stop Loss @ 1.3178.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Blog : blog.mt5.com/arief
Disclaimer :
Trading Forex (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.
