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[QUOTE="Antony_NPBFX, post: 180132, member: 38727"] [size=5][b]EUR/USD: EUR is corrected 27.04.2020 [/b][/size] Good afternoon, dear forum visitors! [url= https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] EUR shows a slight increase against USD during today’s Asian session, continuing the development of Friday’s “bullish” momentum, which allowed the instrument to retreat from local lows since March 24. The growth of EUR is largely due to technical factors, while pressure on the instrument remains on the background of growing risks for the global economy. Additionally, EUR is weakening due to the uncertainty surrounding new stimulus measures in the eurozone economy. Last week, European leaders agreed on an initial plan to support the region’s economy, but they failed to agree on the format of this assistance: either it should be free tranches, or some kind of soft loans. Last Friday, macroeconomic statistics from Germany reflected a further decline in business sentiment in the country. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate flat dynamics. The price range consolidated within rather wide boundaries, which correspond to the observed dynamics in the market. MACD indicator is growing preserving a weak buy signal (located above the signal line). Stochastic maintains a confident uptrend, being approximately in the center of its area. It is worth looking into the possibility of further uptrend development in the short and/or ultra-short term. Resistance levels: 1.0900, 1.0952, 1.1000, 1.1054. Support levels: 1.0800, 1.0767, 1.0726. [img]http://businesspr-finance.com/wp-content/uploads/2020/04/eur-3-1.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/04/eur-4-1.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the breakout of 1.0900. Take-profit – 1.1000 or 1.1054. Stop loss – 1.0830 or 1.0820. The return of “bearish” trend with the breakdown of 1.0800 may become a signal for new sales with the target at 1.0726 or 1.0700. Stop-loss – 1.0850. Implementation time: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: glossary[/b] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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