empty
 
 
05.03.2019 08:51 AM
EUR/USD technical analysis for 05/03/2019:

Technical market overview:

As anticipated yesterday the EUR/USD pair has started the corrective sell-off towards the lower price levels. The technical support zone located between the levels of 1.1316 - 1.1324 has been hit and the price has made a new local low at the level of 1.1309 which is only 4 pips away from the 61% Fibo retracement at the level of 1.1305. The bearish pressure is still growing as the momentum is weak and negative despite the oversold market conditions. The next target for bears is at 61% Fibo at 1.1305. If this level is violated clearly, then the market will drop towards the level of 1.1275, the next important technical support. The 1.1314 is the weekly pivot support level 1 as well, so it might be a little tough for bears to break it.

Weekly Pivot Points:

WR3 - 1.1499

WR2 - 1.1457

WR1 - 1.1406

Weekly Pivot - 1.1363

WS1 - 1.1314

WS2 - 1.1271

WS3 - 1.1224

Trading Recommendations:

All sell orders from the last week should be still kept open with a target set at the level of 1.1324 and 1.1316. The main trend is still down, so this recent move up was so far only a correction in a downtrend and a failure to break through the 61% Fibo confirms this assumption.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback