Short EURUSD trend remains, in the coming hours we might see a test of the upper arm and entry channel 1.1300 - 1.0800. If you hold the support we might see a correction to a level 23.6 Fibonacci, which will give us a good level of demand for sell positions.
Today it became clear that the European Central Bank does not approve the increase in Greece's debt in order to strengthen the economy, as is the desire of the Finance Minister in the country. ECB stops release of funds by large European banks to Greek government.
MA 100 and MA 200 are above the MA 50 - support for sellers and MACD will likely go into the negative zone in the coming hours, which will also be a signal for Short.
Varchev Finance
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.