73% 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.
73%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 bounced at the bottom of the downtrend channel and is making a bullish correction, which is marked as wave 4 (brown). The resistance zone (red), trend line (orange) and Fibonacci levels are potential turning spots for the conclusion of wave 4.
The EUR/USD is in a neat downtrend channel marked by the orange and blue trend lines. Divergence is present (purple) but one more wave 4 (brown) bullish correction and wave 5 bearish impulse is expected.