empty
 
 
26.03.2020 03:04 PM
EUR/USD analysis for 03.26.2020 - Upward target reached at the price of 1.0936 but potential for further bullish continuation and test of 1.1160

Corona virus news:

This image is no longer relevant

After weeks of inaction and division, the leaders of the G20 major economies will hold an emergency video-conference summit to discuss the corona virus pandemic, but hopes of a coordinated global response remain low.

The summit on Thursday, nominally hosted by Saudi Arabia as this year's G20 chair, is likely to agree to fresh practical measures aimed at preventing a repeat of the disjointed approach to Covid-19. But an expected call for a coordinated large-scale monetary and fiscal stimulus is unlikely to extend beyond general rhetoric.Technical analysis:

EUR/USD has been trading upwards as I expected. The EUR reached my yesterday's upward target at the pice of 1.0936 but there is still plenty of the space for upside.

I expect further upside movement and my advice is still to watch for buying opportunities on the dips using the 15/30 minutes time-frame for better location.

New upward targets are set at the price of 1.1055 and 1.1160

MACD oscillator is showing positive reading and the slow line is going higher...

Resistance level is set at the price of 1.1055.

Support level is set at the price of 1.0890

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback