empty
 
 
02.08.2022 10:37 AM
EURUSD Potential For Bullish Continuation | 2nd August 2022

This image is no longer relevant

On the H4, prices have broken the bearish trend moving into a bullish biased trend. Price is now testing at the resistance 1.028, 50% Fibonacci retracement level. If price continues in the ascending trend, it will pullback further to test at the second resistance which is also a key swing low level and 61.8% Fibonacci retracement at 103.6. Alternatively, if prices bounces off the resistance level, it will test at the first support 1.011.Trading Recommendation

Entry: 1.208

Reason for Entry: Bullish continuation

Take Profit: 1.036

Reason for Take Profit: 61.8 Fibonacci retracement

Stop Loss: 1.01

Reason for Stop Loss:

Swing low intermediate support level

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback