74% of retail accounts lose money when trading CFDs with this provider.
Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
74%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.
The EUR/USD stayed again with the range of the narrow triangle formation by respecting the resistance trend line (orange) and falling back towards support (green). A break of support could see price fall back towards the Fibonacci levels of wave X (brown).
The EUR/USD is building a contracting triangle chart pattern. Price bounced yet again at the top of the triangle. It could find support again near the bottom of the triangle or at the Fibonacci levels.
An EUR/USD break below the support (green) trend line could see price fall towards the Fibonacci levels of wave X vs. W. A break above the resistance (orange) trend line could price move towards the Fibonacci targets of wave Y vs. W.