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 Retracement within Bullish Channel after Hitting 1.1750 Target

July 28, 2017 05:00

EUR/USD

4 hour

The EUR/USD turned near the quarter resistance level of 1.1750 and top of the bullish channel (red/blue), which could complete the wave 5 (orange). If price manages to break above the previous top, then a larger trend continuation within wave 5 (orange) is still possible towards 1.18, 1.1850, and 1.20.

1 hour

The EUR/USD could be building a larger correction via an ABC (purple) or price could have made a retracement back to support via a wave 1-2 (grey).

USD/JPY

4 hour

The USD/JPY bounced at the Fibonacci levels of wave 4 (orange) but price failed to break below the bottom (green line). A bearish breakout could price move towards the Fibonacci levels of wave 5 (orange).

1 hour

The USD/JPY break below the support trend line (green) makes a wave 3 (purple) more likely whereas a break above resistance (red) could indicate a truncated wave 5 (orange) which fails to break the bottom.

GBP/USD

4 hour

The GBP/USD broke above the resistance trend lines (dotted orange/red) and is now making a strong bearish pullback that is retesting the support trend line (blue) which is a major break or bounce spot.

1 hour

The GBP/USD could be in a deep retracement for a wave 2 (green). A break below the support (blue) and 1.30 round level would invalidate it.

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

DAX30 Instrument


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.