Despite the vagueness of the Italian elections and the country's big chance to leave without a government in the coming months, EUR/USD indicates a positive start of the week. In the minutes before the opening of the markets, the EUR/USD showed that it would open at about 1.2350 or 0.20% higher than the closing on Friday. Technically, the couple is on a upward trend and once the Double Top is activated, it seems that the price will not be in line with it. If we look at the other side, the price has reached levels of horizontal support coupled with 50SMA, absorbing bar and subsequent rebound upwards. DeMarker Sequential counts 1 on top, signaling the beginning of a new upward pulse.
Positive moods in EUR remain.
Here are the indicative opening prices for the main currency pairs:
USD / JPY 105.64
GBP / USD 1.3809
USD / CHF 0.9374
USD / CAD 1.2883
AUD / USD 0.7768
NZD / USD 0.7241
Jr Trader Petar Milanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.