We take a nice detailed look at AUD/USD and see if there are any trading opportunities for us to make some juicy pips!We combine the art of Fibonacci retracements, Fibonacci extensions, Support & Resistance along…
In this video, the Trading Central looks at the currency pair EUR/USD for the February 17th session.
EUR/USD — The EUR/USD has been rebounding for two days. On the intraday 30-min chart, we can see that the EUR/USD pair has crossed above the descending trendline which has been in place for over a week. Meanwhile, intraday technical indicators are bullish and showing a continuation of the rebound. On the upside, we expect immediate resistance at 1.0685 and above that we have 1.0710, which is the previous high. Key support is located at 1.0645, which is currently the 50-period Moving Average.
This News Was Syndicated From: Forex Videos
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices.
STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice if you wish to trade on global markets and ensure you are familiar with the risks.