EUR/USD M15 Chart – The price has continued on a USD bound trend since market opening on Monday. The situation is yet another example of why it is an unnecessary added risk to be opening a long range prospect on Fridays. The price can move against the trade & hit the stop loss to one’s dismay on market Monday re-opening. At the moment, looking at the EUR/USD M15 & H1 chart, the price is not showing any signs of potential action towards the EUR direction.
EUR/USD Daily Chart – Also on the EUR/USD Daily chart, the price is looking to test the support at 1.2336. Again, there is no indication for the price moving the EUR direction even on the EUR/USD Daily chart. Hopefully, the EUR/USD price will move more interestingly on Thursday. Gold - The gold price is certainly moving rouge style nowadays even as the USD is moving strongly against the EUR. There is nothing much to see there either at the moment.
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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