LTC/USD today reached a high at $158. In our previous analysis we noted that price could reach $160-65 if resistance was broken. I believe we came very close to our target. However bulls so far were not able to keep prices that high and LTC/USD is pulling back.

analytics601c36109653b.jpg

Red line – resistance (broken)

Blue rectangle – support (previously resistance)

Green rectangle – support

EURUSD is back testing the break out area of $145. Short-term trend remains bullish. Support is found at $141 and if this level holds, we could see next week a move above $160. The RSI is back to neutral territory. This pull back is considered a buying opportunity and we remain bullish as long as price is above $125. We raise our key support level from $118.50 to $125.

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.