empty
 
 
07.04.2020 05:47 AM
Forecast for EUR/USD on April 7, 2020

EUR/USD

On Monday, in the absence of bright news, the euro traded in the range of 65 points, closing the day with a decline of 11 points. Trading volumes were at the same level as on Friday, when the euro fell by 50 points (on the stunning bad data on employment in the US), which indicates the closing of sales and the likely beginning of corrective growth. The Marlin oscillator on the daily scale shows the intention to turn around.

This image is no longer relevant

The potential for correction is the line of the embedded price channel at 1.0954. It is possible for the euro to continue to decline with a probability of 40%, here the goal is to support the price channel at 1.0625.

Let's look at the details on a smaller scale chart.

This image is no longer relevant

The price is in the consolidation range of 1.0768-1.0836 on H4. When the price goes above the upper limit of this range, it opens the way to the target range of 1.0900/27 (extremes of April 1 and March 31), and only after overcoming it, the price can reach the goal of 1.0954. Leaving the price below 1.0768 opens a bearish target of 1.0625.

Indicator readings on H4 are already moving into the bullish phase – the price has overcome the resistance of the MACD line, the Marlin oscillator is trying to move into the zone of positive values, having previously formed a weak convergence.

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
  • 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