EURUSD Approaches Resistance
Good day!
In the daily chart, the price of European currency has started to grow and soon it may face quite a resistance next to the level of 1.1170. Away from this level the asset might pull back down:
Gold managed to pull from the support level of 1459.13 and is currently targeting the psychological level of 1500. This is the place the downtrend is also located at. The asset might potentially drop at the crossing point of technical lines:
Daily chart shows that New Zealand dollar is about to potentially form the head and shoulders pattern which can help this asset jump up and change the trend. Should the neckline of this figure get broken, the pattern will surely form:
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% and 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.