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Varchev Brokers is a leader in the currency (FOREX) trading with more than 60 currency pairs and CFDs of more than 300 financial instruments, direct access to the stock exchange markets via L2 Dealer in partnership with the leading English broker company – IG Markets. On the internal market the company carries out trade and brokerage with shares and bonds, IPO & SPO emissions managing, auctions, mergers and acquisitions.

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Forex Trading Tips: Go with the trend!

Trend is your key. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.

EUR/USD current price 1.4927

The currency pair has been trading in range between 1.4800 and 1.5020. It looks like after consolidation it may rise up 1.5000-1.5020.

Retail Sales m/m for GBP to be released today:

The British retail sales have not changed in the past two months and the expectations this time is rise to 0.6% which if it happens would be positive for the GBP. The data will be released at 9:30 GMT.

EUR/USD looks in consolidation:

Current price of the pair 1.4887 and it looks like the price may rise up to 1.5000 in a couple of days after consolidation.

GBP/USD technical analysis:

This pair has extended it's positive movement towards resistance. It looks like waiting at the moment is the best option.