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 EURUSD bullish price action could be part of wave 4 (blue), which typically retraces back to the previous wave 4 (of a smaller degree) and/or to the 23.6 and 38.2 Fibonacci retracement levels.
The EURUSD broke the 1.25 bottom but with less momentum than expected which raises question marks whether price is indeed in a wave 3 (purple). The 1 hour chart can help determine an invalidation point.