The triangle breakdown led to the birth of a new bullish tendency, which is confirmed by trend indicator ParabolicSAR and decline of Donchian Channel. It should be remarked that an upward tendency has been formed by RSI-Bars signal. We expect a continuation of trend after the break down of RSI resistance line. Today we are going to analyze the Euro against the US dollar forex pair. As we can see at the price chart the currency pair is in a down trend as indicated by the declining trend line. Moreover, the Simple Moving averages are above the prices adding to the selling pressure. In the recent term, the currency pair declined to fresh 14-month low at 1.
Furthermore, at the below chart we can see the daily volumes of futures and options traded on the Chicago Mercantile Exchange. We can see that since September the 10th the volume has been diminishing while the EURUSD prices dropped to the 1. Grupo de trading donde analizamos el mercado forex e indices. Vivir del Trading Forex right away. As one of the fastest-growing investment services providers in the world, we offer advanced asset management, incubation and online trading services under our brands – STO and Quantic. STO is a global online trading provider, offering access to forex, stock index, equity, commodity and bond markets on the powerful MT4 and AFX Fast platforms. STO also offers competitive partnership programmes for affiliates and introducing brokers.