Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Tagatisfond protection
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

EUR/USD Bullish Momentum Break Tests 1.21 Resistance Zone

September 08, 2017 04:30

EUR/USD

4 hour

The EUR/USD broke above the resistance trend line (dotted red) yesterday during the European Central Bank (ECB) statement. Price could now be in an uptrend as indicated by the 3 wave structure (pink) or still making a larger ABC (red) correction within wave 4 (blue).

1 hour

The EUR/USD could be resuming its uptrend with a potential wave 123 (green) if price manages to break above 1.21 and build a continuation chart pattern.

GBP/USD

4 hour

The GBP/USD broke above the 61.8% resistance Fibonacci retracement level of wave 2 vs 1 (red). Price is now testing the next resistance zone (orange) and 78.6% Fib.

1 hour

The GBP/USD respected the support zone (blue) and broke above the resistance trend line (dotted orange). Now price seems to be building a rising wedge chart pattern (red/green lines).

USD/JPY

4 hour

The USD/JPY is testing the lowest part of the support zone (green) but the downtrend could now be strong enough to break below it and move towards the Fib targets of wave C vs A.

1 hour

The USD/JPY could be moving in a wave 5 (purple) of wave 3 (green).

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Metatrader 4 (MT4) Forex and CFD trading platform


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.