empty
 
 
17.03.2020 10:33 AM
Technical analysis of EUR/USD for 17/03/2020:

Technical Market Overview:

The EUR/USD pair is trading in a narrow horizontal range located between the levels of 1.1065 - 1.1210. The market conditions are oversold on the H4 timeframe with momentum oscillating around the neutral level. The next target for bulls is seen at the level of 1.1250 and with increasing momentum on this timeframe, the odds are high. The key technical support is located at the level of 1.1070. Please notice the trendline support around the level of 1.1065 (marked in black), which is the additional key support holding the bearish attacks.

Weekly Pivot Points:

WR3 - 1.1749

WR2 - 1.1625

WR1 - 1.1316

Weekly Pivot - 1.1171

WS1 - 1.0880

WS2 - 1.0735

WS3 - 1.0438

Trading Recommendations:

The downtrend was valid as long as it was terminated or the level of 1.1445 clearly violated, so now all upward moves will not be treated as local corrections in the downtrend, but as a new uptrend. The Ending Diagonal price pattern visible on the larger timeframes like weekly has been completed and the EUR/USD is developing a new wave up.

This image is no longer relevant

Summary
Urgency
Analytic
Sebastian Seliga
Start trade
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 $1000 más!
    ¡En Abril, sorteamos $1000 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
  • 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