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Azerbaijani company recommends taking caution in EUR/USD trades

Finance Materials 20 November 2018 14:58 (UTC +04:00)

Baku, Azerbaijan, Nov. 20

By Taleh Mursagulov - Trend:

Azerbaijani investment company InvestAZ recommends taking caution in purchase transactions when trading the EUR/USD currency pair, reads the company’s daily report.

The company notes that there is an uptrend on the EUR/USD hourly chart, but, nevertheless, it is necessary to be careful.

InvestAZ analysts believe that if the EUR/USD rate breaks through the level of 1.1421 in the upward direction, the price can reach $1.1446 and $1.1499 per euro.

Alternatively, the company notes that if the price breaks through the level of 1.1389 in a downward direction, the targets for a fall are $1.1372 and $1.1342 per euro.

As of 14:16 (GMT +4) on Nov. 20, the EUR/USD rate was 1.14337.

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Follow the author on Twitter: @TalehMursagulov

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