EUR/USD focus to stay on the medium-term lows around 1.2230

To view the web version, please click here

Dear Trader,

Economic data releases have a high impact on the markets so staying up-to-date on the latest news can have a positive impact on your trading results.

Latest Forex Trend Report - EUR/USD focus to stay on the medium-term lows around 1.2230

+ What's Trending: EUR/USD expected to range lows of 1.2230

+ Headline: The medium-term range of the EUR/USD pair is expected to trade at 1.2230 and a break below could lead to the pair reaching a low of around 1.2042 levels.

Generally, we would expect to see some buying action at the price of 1.2230, however a break below this could lead to further weakening and a drop to 1.2042 which is the low of 2012. If EUR/USD breaks below 1.2042, predictions are set to a level of 1.1876 which is the June 2010 low.

+ Projection after Analysis: Resistance is set to 1.2353 initially and then 1.2362. A breakthrough of 1.2470 is required for the price action to return to levels of 1.2517 and potentially 1.2533.

Ready to trade the trend?
	OR

Wishing you successful investing

George Miller
Yadix Auto-Trading Team

Risk warning: Forex commodities and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Because investing carries a high risk only genuine "risk" funds should be used in such investment. If you wish to unsubscribe, please click here.