Next week forex analysis on the 5 hours chart
Money and Finance

Next week forex analysis on the 5 hours chart


On the 5 hours chart there are three resistance level at 1.2992, 1.2891 and 1.2825. The price of EUR/USD is on a downward trend towards the resistance 1.2992.
RECOMENDATION : Buy if the price rebounce on the resistance 1.2992 and is heading upwards with a stop loss place a little below the 1.2992 resistance and take profit set at 1.3130.
Sell if the price break the resistance level 1.2992 and is going downwards with your stop loss place a little above the 1.2992 resistance and take profit at level 1.2891 and 1.2825 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. For more information/complaint and suggestion please send email with your name as the subject to [email protected]










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