InstaPips.com came with some additional information about forex broker Instaforex
EUR/USD: weekly technical levels for July 8 – 12, 2013
- If the trend is of an upside character, then the strength of the currency will be defined as following: EUR is an uptrend and USD is a downtrend.
- Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is in a range trade; it looks like the trend is trapping and going up or down. If you sell or buy for a long term in this period, sure you will lose your profit.
- Stop loss should never exceed your maximum exposure amounts. As a rule, the market has a high volatile if the last day had a huge volatility.
The material has been provided by InstaForex Company – www.instaforex.com