The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...
Acredito que esta falha de topo no mensal do EUR e USD com o BRL nos levará pelo menos até a metade dessa perna de alta para de lá definir se o Real volta a apreciar indo testar o fundo ou retoma a alta. Mais provável na minha opinião é o fortalecimento do Real daqui em diante.
EURBRL November 2016
the bear roar from march 2016 and break 0.618 suport level. Are this pair are hopeless for bullish?
at daily chart, we can see euro vs brazillian real already break channel down at november 11
and failed to break support level at october 25
this level also a good support for brazillian real at july 2015
so this breakout are a very good sign...
The EURBRL comes into BIG Support Zone. The RSI Indicator shows Positive Divergence.
Big Support Zone around: 3.50
Fist Resistance zone is around: 3,95
Second Resistance zone is around: 4,50
Go Long after the price breaks the red line. This gives confirmation higher prices will come.
There is a good risk to reward ratio. First Profit Target is around 3,95 and...
Usually when sending money to another country you can never get a very good exchange rate. It is always way below the market rate we see in the papers, and even worse considering any extra fees. But if you are in Europe and sending money to Brazil, by purchasing bitcoin locally and selling there you can actually get a pretty good price. And as the graphic shows,...