EURUSD Potentially Rallying in Downtrend

18 Nis

The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend.

The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure.

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Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (fxcm.com/eu):

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

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Stratos Global LLC (fxcm.com/markets):

Losses can exceed deposits.

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