empty
 
 
26.02.2019 08:53 AM
Analysis of the divergence of EUR / USD on February 26. Level 1.1358 - still an insurmountable obstacle to the euro

4h

This image is no longer relevant

The EUR / USD pair on the 4-hour chart completed the next return to the correction level of 23.6% - 1.1358. A new release of quotes from this level will again allow traders to expect a reversal in favor of the American currency and a slight drop in the direction of the level of 1.1269. Closing quotes of the pair on February 26 above the Fibo level of 23.6% will increase the chances for further growth in the direction of the next correction level of 38.2% - 1.1446.

The Fibo grid was built on extremums from September 24, 2018, and November 12, 2018.

Daily

This image is no longer relevant

On the 24-hour chart, the pair continues the process of weak growth in the direction of the correctional level of 100.0% - 1.1553 after rebounding from the Fibo level of 127.2% - 1.1285. Maturing divergences are not observed today on both graphs. Fixing the pair under the correction level of 127.2% will work in favor of the US dollar and resuming the fall in quotations in the direction of the Fibo level of 161.8% - 1.0941.

The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.

Recommendations to traders:

New purchases of the EUR / USD pair will be possible with the goal of 1.1446 if the pair closes above the level of 1.1358 and a Stop Loss order below the level of 23.6%.

Sales of the EUR / USD pair will be possible with the target of 1.1269, and with a Stop Loss order above the level of 1.1358, if the pair performs a new rebound from the level of 23.6%.

Samir Klishi,
Analytical expert of InstaForex
© 2007-2024
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