empty
 
 
20.02.2019 09:16 AM
Forecast for EUR/USD on February 20, 2019

EUR/USD

European economic indicators, released on Tuesday, turned out to be worse than expectations, the market worked with it, but with the opening of the US session, Loretta Mester's comments on the economic slowdown and the British pound's growth on expectations of today's meeting between Theresa May and Jean-Claude Juncker, euro optimism took over.

In the European session, the euro made a false move - punctured the signal level of 1.1290, but did not consolidate below it and soared up sharply. Even the signal line of the oscillator Marlin did not have time to touch the border with the territory of decline. As a result, the price consolidated above the Krusenstern line of a four-hour scale, having reached the resistance of the trend line of the downward price channel of the lower scale.

This image is no longer relevant
This image is no longer relevant

Now, the target for the price is 1.1407 - the Fibonacci retracement level of 61.8% of the decline line of January 31. But in front of it is the resistance zone of 1.1350-73, the upper limit of which is the Krusenstern line on the daily scale, which coincides with the Fibonacci level of 50.0%. Now the Marlin indicator of the four-hour scale attracts a lot of attention - if technical divergence forms a way to 1.1407, then the price might move downwards.

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