EU_chart 17.12Yesterday, EUR/USD H4 price broke above important 1.2500 resistance. Price moved even higher to another resistance. Price capped and retraced lower – finally price slipped to 1.25 which now acts like support.

It seems, that from here we have opportunity to attack the previous high once again. However, if support collapses it will be a signal that the downtrend is back.

EU_screen 17.12

OptionTrade offers 83% return for EUR/USD option. E.g. when you invest 100USD in CALL option (UP) and the price will be even slightly higher than in the point when you bought the option, OptionTrade pays you 183USD. If the price is lower, you will lose invested money. But you need to remember, that you cannot forfeit more than you trade. Open your account now!

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleSILVER – Waiting for a Retest
Next articleSILVER – Under the Resistance
Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.