Forex Trading recommendation on EURUSD 7-06-2016 by AzaForex forex broker

When trading on the foreign exchange market consider this.
The US dollar shows weakness in relation to many currency pairs and Gold. Euro on this background looks more confident. Given the abrupt change in course was last week and as the currency charts have reacted to the news, it can assumed the continuation of the growing trend. Judging by the scale of the growth of the currency pair, our goal is located at a distance of about 30% of the total rate changes over the last days, which corresponds to the Fibonacci proportions. If traders and investors will continue to invest in Euro, when you break through the resistance level we join the bulls.
 
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
 
If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 1.1400
•             The level of profit and close the position: 1.1480 (80 pips)
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1249.00
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 106.30
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9680
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4580