EURUSD has the Potential to Go Higher

EURUSD has the Potential to Go Higher

EURUSD has the Potential to Go Higher

EURUSD – has the potential to go higher. As you know we are following this on our daily videos everyday. If the price pulls back towards 1.0420 region it would be support area and the market might start to buy in that region to see even higher targets at around 1.0500 levels.  

USDCAD –  As we were short on this two days ago the market recouped and we have another opportunity to sell it once again at resistance being around the 1.3465 levels. If the market decides to short this pair we might see it down at the below targets 1.3430 – 1.3405. 

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Don’t forget to watch our daily videos on our home page at www.cmtrading.com and review the daily economic data releases from our webpage.

***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

 

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