EURUSD to Fall Even Further?
EURUSD – Will it fall even further? Our technical analysis says it has a high probability to do so. Below we have noted levels this week as green lines to see where the EURUSD might get up to being around 1.0500 – 1.0540 levels. If it gets there we will need to start evaluating where to sell the pair as it will begin to fall again we believe to an even lower towards the 1.0050 levels. Seems impossible? We will see.
USDCAD – As you recall we were following to sell off at the resistance level… But it broke out and now that we confirmed the direction we can wait for a pull back in order to go long in the direction of the trend and we can follow it possibly, according to our technical analysis all the way up towards 1.3650 – and even 1.3800 levels.
Grab a 20% Bonus Here!
(Hurry Up- it's Limited time only!)
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.
© Copyright 2015 – CM Trading – All rights reserved