empty
 
 
20.03.2019 05:31 PM
EUR/USD analysis for March 20, 2019

EUR/USD has been trading sideways at around 1.1358. Demand is still buoyant, so be careful when selling.

This image is no longer relevant

According to the H1 time – frame, I have found a potential bullish Wolfe wave pattern in progress. The projected target for the upside is at the price of 1.1500. The price should go towards the estimated target level. Currently there is a running flat bearish correction in creation and bearish divergence on the macd oscillator, which are signs that EUR/USD might trade a bit lower before new buyers join the market. Support level is seen at the price of 1.1293 and the key resistance is seen at the price of 1.1512.

Trading recommendation: We are bullish on the EUR from 1.1358. Protective stop is placed at the price of 1.1495 and the main target is set at the price of 1.1500

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback