empty
 
 
11.03.2014 03:27 AM
Technical analysis of EUR/USD for March 11, 2014

EUR/USD's upward movement from 1.3477 extended to as high as 1.3915. Key support is at the upward trend line in 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue after a minor consolidation and next target would be in the 1.4000 area. In the H4 chart, oscillators are giving a sell indication. We could expect the price to come down before it moves further. Only a clear break below the trend line support could signal the completion of the uptrend.

Recommendations-

Sell below 1.3852 with targets at 1.3844, 1.3834, 1.3811, and 1.3778.

Buy above 1.3898 with targets at 1.3915 and 1.40.

This image is no longer relevant
InstaForex Analyst,
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 $9000 more!
    In May we raffle $9000 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