Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

EUR/USD: update for a trade

EUR/USD: update for a trade

Updated

4H Chart

EURUSD h4.png

Daily Chart

EURUSD daily.png

EUR/USD declined on Friday reaching as low as 1.2093, while our short positions from 1.2180 and 1.2205 are now in profit with over +200 pips combined. The technical indicators are clearly bearish, which confirms the short-term retracement outlook. In the meantime, 1.2090 should be watched very carefully as it represents its 50-day MA, while a breakthrough that support level would clear the way for further declines ahead, possibly towards 1.2042 which represents its 200-day MA. On the upside view, any rally is likely to be capped below 1.22 and if you missed our entry last week, this week the selling zone stands between 1.2131 and 1.2143.

S3

S2

S1

Pivot

R1

R2

R3

1.1932

1.2032

1.2070

1.2132

1.2170

1.2232

1.2332

LOG IN

Deposit with your local payment systems

Be on top of your game

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat