empty
 
 

2017.04.2805:01:00UTC+00Fxwirepro: Eur/usd Trades Weak After Dovish Ecb, Good to Sell on Rallies

  • EUR/USD shown a minor sell off after hitting high of 1.09328 yesterday. Euro declined from the temporary top as ECB Draghi dismissed policy normalization. Dovish Draghi comments pushes European bond yields lower. The pair declined till 1.08516 and is currently trading around 1.08925.
     
  • On the lower side, any break below 1.08500 bottom formed after French election will drag the pair down till 1.08200/1.07850 (61.8% retracement of 1.06822 and 1.09508)/1.0745 (21 EMA).
     
  • The near term major resistance 1.09500 and any violation above will take the pair till 1.1000/1.1045.The minor resistance is around 1.09329 (61.8% retracement of 1.1299 and 1.03400).

    It is good to sell on rallies around 1.0900 with SL around 1.09520 for the TP of 1.08200/1.0785.

  • 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 $9000 more!
    In May we raffle $9000 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


Can't speak right now?
Ask your question in the chat.
Widget callback