Comments and forex-analytics from FBS Brokerage Company - page 12
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
MIG Bank bets on EUR/USD decline
Technical analysts at MIG Bank advise investors to sell the European currency versus the greenback as it has broken below the March 21 minimum in the 1.4140 area.
The specialists note that if the pair EUR/USD closes the day below this level, short-term bearish bias will be confirmed and euro will be poised for a decline to 1.4085, then to 1.40 and possibly to the previous reaction minimum at 1.3867.
According to the bank, the single currency will be able to resume its way up only if it rises above November 2010 maximum at 1.4282.