EUR/USD Technical Analysis: Waiting to Confirm Topping Setup

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
  • #2041
    blankKiaria Yoshida

    It’s worth noting that the US DOLLAR index is still below its September high…yet EUR/USD has broken below its September low. Such divergence has indicated important turns several times this year (notably in April). In any case, recent comments remain valid – “sideways trade of the last 6 months should be viewed in a bullish context. The reversal on 10/15 was confirmed on the next day’s rally and it’s been straight up for the US DOLLAR index since then. Watch for support near recent resistance (10/14 high at 11970) in order to maintain a near term constructive view.”


    Most people have failed in forex market because of no knowledge about forex. In spite of that there are so many reasons to fail in the forex market. Some of them are Emotionally trading in the forex market, greediness, lack of knowledge, choosing wrong decisions, choosing wrong broker etc. Most of the traders fail in forex market because of choosing wrong broker. Brokers play an important role in successful trading. I am trading with Tpglobalfx. They help me to make profit consistently by giving low spreads and high leverage. I love their trading strategy and all facilities they are given.

    blankThomas Hoffman

    Trader should focus on learning in the market rather focus on making profit. Profit will come eventually if you have enough knowledge and skill. Because of that, many are losing money and writing the market. IF you don’t want to be in losing side, start learning about the trading. I mainly learn trading from online. However, my broker Eurotrader give me essential education lesson which greatly increase my knowledge about the trading.

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

Related Articles


Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.