Dear all,
As we have expected yesterday the EUR/USD prices faced a strong support at the top level of the upward channel and failed to breach up the support level, so it retreated.
We also notice that the prices breached the bottom level of the channel and we expect it will reach the moving average 200 at the 1.2464 level , should the prices breach down this level , this will push the prices again to the correction level of the ZigZag indicator at the 1.2403 level.
However, we expect that the prices will recover and rise towards the 1.2528 level than to the 1.2640 level later today.
Nice Trade
(Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter)
As we have expected yesterday the EUR/USD prices faced a strong support at the top level of the upward channel and failed to breach up the support level, so it retreated.
We also notice that the prices breached the bottom level of the channel and we expect it will reach the moving average 200 at the 1.2464 level , should the prices breach down this level , this will push the prices again to the correction level of the ZigZag indicator at the 1.2403 level.
However, we expect that the prices will recover and rise towards the 1.2528 level than to the 1.2640 level later today.
Nice Trade
(Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter)