Hi traders 😉
We notice on the Daily chart of EUR/USD, that the prices have started its downward movement since the beginning of the May month.
Then it has entered a correction step within a side way channel where the prices formed a divergence with the Stochastic indicator , so we expect it will continue this bearish trend toward the 1.3105 level and if it succeeds in breaching down this level , the next target would be towards the main key support level of 1.3050.
Notice: we draw the attention of our dear clients to monitor the economic news
of today , if the data are positive for the USD , it be will negative for the Euro and would push the prices down towards the 1.29 levels.
Good luck all 😉
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
We notice on the Daily chart of EUR/USD, that the prices have started its downward movement since the beginning of the May month.
Then it has entered a correction step within a side way channel where the prices formed a divergence with the Stochastic indicator , so we expect it will continue this bearish trend toward the 1.3105 level and if it succeeds in breaching down this level , the next target would be towards the main key support level of 1.3050.
Notice: we draw the attention of our dear clients to monitor the economic news
of today , if the data are positive for the USD , it be will negative for the Euro and would push the prices down towards the 1.29 levels.
Good luck all 😉
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter