manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pair is expected to resume decline

18 April 2016, EUR/USD

The pair decided not to undertake a deeper decline and continued to almost stand still. This is probably caused by a continued correction.

Nevertheless, in the near future we expected resumption of drop within borders of a downward momentum. For this reason, it is necessary to consider the sale as the main approach to trading in the near future.

Thus, in the future we expect development of the downward momentum movement.

It is better to sell on update of the Low, so it will be much safer and its even better to set a Sell stop pending order on breakdown .

The pair is expected to resume decline

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .