EURUSD extended its upside movement from 1.0635 to as high as 1.1916. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.2100 area.
EURUSD extended its upside movement from 1.0635 to as high as 1.1916. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.2100 area. Near term support is at 1.1695, a breakdown below this level could bring the price back towards the trend line. (FXE, UDN)
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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