EURUSD has experienced some correction in the near term and currently stands at the horizontal support, suggesting buying at lower levels. Further the pair also looks to be trading in a downward sloping channel; having bounced from the lower channel (on 9th March) it is likely to rise in the coming sessions. It would be prudent to say that EURUSD could advance towards 1.1960 and 1.2010 while it sustains above 1.1865.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.