empty
 
 
28.03.2019 07:04 AM
Trading plan for EUR/USD for March 28, 2019

This image is no longer relevant

Technical outlook:

The 4H chart presented here for EUR/USD is looming with probabilities on both sides. We suggest the price could go in the common direction. The first scenario presented suggests that the previous rally between 1.1175 through 1.1448 was Wave 1 and the subsequent drop towards 1.1245 is Wave 2 as labelled here. In that case, Wave 3 higher should resume any moment, while prices remain above 1.1175 going forward. The other probable count could be bearish since the drop from 1.1148 levels can be now counted as 5 waves impulse as well (not labelled here to avoid overlap). If the latter scenario prevails, we could witness at least a pullback rally towards 1.1350/70 levels before the drop continues lower below 1.1175 levels. In either case, the immediate probability seems to be more inclined towards a rally, either a corrective or towards a new high. The bottom line is that prices should remain above 1.1175 for now.

Trading plan:

Aggressive traders remain long against 1.1175 levels. Conservative traders remain flat for now.

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Oscar Ton
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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