The French presidential election has been won by Macron who has a desire to strengthen cooperation in the eurozone and establish communication with the UK about Brexit. So that the euro currency is predicted to strengthen in the next few weeks.
Pair EUR / USD has soared through the Daily's MA200 and now stands for 13 days over the MA. Predicted the Daily's MA200 will be a strong support for this pair continues to jump to the price 1.10.
Pair EUR / USD has soared through the Daily's MA200 and now stands for 13 days over the MA. Predicted the Daily's MA200 will be a strong support for this pair continues to jump to the price 1.10.
Comment:
(Correction above date May 15, 2017)
NB: If you have long positions should be taken partially or completely.
NB: If you have long positions should be taken partially or completely.
Trade closed: target reached:
UPDATE MAY 16, 2017,
Target Reached! The red line "Daily's MA 200" will be a strong enough support line to withstand the pressure on this pair.
Target Reached! The red line "Daily's MA 200" will be a strong enough support line to withstand the pressure on this pair.
Comment:
EUR/USD looks promising guys! but remember to always watch price action, only enter trade what you see, alright! hahaha!
Now the EUR/USD price is just below the "Weekly's MA200" line, at 1.907, we see if the price can be strongly up or halted. If the price can not close above this line and bearish bars appear tomorrow, then it can be confirmed that the price correction goes to the "Daily's MA200" line, around 1.083.