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09.03.2020 09:26 AM
Technical analysis of EUR/USD pair for March 9 to 14, 2020

Trend analysis.

This week, the price will move up with the target of 1.1665, a pullback level of 50.0% (blue dashed line). Upon reaching this target, it is possible to continue working upwards with the target at resistance line 1.1835 (black bold line).

This image is no longer relevant

Fig. 1 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - down;

- Monthly chart - up.

The conclusion of the comprehensive analysis is the upward movement.

The overall result of calculating the candle of the EUR / USD currency pair according to the weekly chart: the price for this week is more likely to have an upward trend, with the absence of the first lower shadow of the weekly white candlestick (Monday - up) and the absence of the second upper shadow (Friday - up).

An unlikely lower scenario: from a retracement level of 14.6% equivalent to 1.1395 (red dashed line), movement down with a lower target of 1.1234, a retracement level of 38.2% (red dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2026
Summary
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Sergey Belyaev
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