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No place for spontaneous actions in Forex trading. The breakout of this resistance level accelerated the active impulse wave 3 which belongs to the 5th intermediate impulse 5 from the start of February — helping the pair break through the next resistance levels - 6. Buy stop-loss can be placed below the support level 7. Make profit on it: www. FBS is everywhere! Join our global team! Kira Yukhtenko reports: The pair fell below the 1. Bullish USD trend is pulling all the European currencies down.
The next downside target for the cable lies at 1. In a long-term the pair has potential to go below 1. Next strong support level will be seen only at 1. On the new week Wednesday is going to be the most volatile day for the pair.
Later in the day focus will switch to the United Pj forex traders sdn bhd where the Fed will announce its monetary policy decision. We expect demand for the US dollar to stay high at least at the beginning of the week. However, as the net short positions on the euro remain extremely big, the ever-present risk of correction up remains high. The new week in the euro area will be light on the economic data.
On March 9 the Eurogroup meeting will take place. Greece will be on the agenda. A couple of weeks ago the euro zone finance ministers approved a 4-month extension of the Greek bailout program and the initial list of reform which the nation has to conduct in return. On Monday Greece is expected to present the details of these reforms.
According to the head of the Eurogroup, Athens can get 7. Greece is now in a very difficult position as it has to make Pj forex traders sdn bhd debt repayments in March and has practically no cash. If it looks like the nation will get money rather sooner than later, the impact on the euro will be bullish.
This should make the market feel a bit better about the euro. Resistance in the 1. Support is at 1. American unemployment rate is seen declining from 5. The bearish trend reinforced when the pair broke below the recent lows. Resistance is at 1. Support is at Japanese authorities could try to discourage the buyers around So, Pj forex traders sdn bhd, it all depends on the US data.
Failure to hold there will provoke decline to 1. Resistance Pj forex traders sdn bhd in the1. Support lies at 0. The euro failed to sustain a rally against the dollar early in the European session. After a brief break above the key 1. CompanyNews XM representatives joined highly respected forex instructor, Marcin Wenus in another successful seminar in Warsaw, Poland on 28th February.
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Asian Session — Dollar keeps gains while waiting for Yellen; euro focuses on Greek reform list xm followthebull forexnews. The issue of when and how fast the.
The near-term trend remains neutral as the tenkan-sen and. Asian session — Euro vulnerable as EU-Greece prepare final loan agreement xm followthebull forexnews. Petaling Jaya Be the first to know and let us send you an email when XM - Forex Trading posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time. Freelance Accounting and Tax Reporting Execut.
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