analytics5fae5850cc4a6.jpg

EUR/USD Weekly Chart.

Today I heard from a very experienced trader that “There are too many Euro-optimists in the market”, in the sense of supporters of Euro growth.

Why not sell the Euro?

Try to look at the weekly chart above, what do you see?

There’s a growth of the Euro from the bottom of about 1.0650 to 1.1900 and then a pullback and a strong bottom at 1.1600.

Conclusion:

Until the Euro goes down at 1.1600, buyers will not fall behind it.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.