For Traders

Analytical Reviews

Technical analysis

25.03.201909:19 Forex Analysis & Reviews: Technical analysis of EUR/USD for 25/03/2019

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical market overview:

The EUR/USD pair has retraced 61% of the last wave up afte the false attempt to break throught the technical resistance zone located between the levels of 1.1406 - 1.1419 wa smade and the Three Red Soldiers candlestick pattern was made. The bounce was very shallow, about 20 pips so far, the momentum remains weak and negative despite the oversold market conditions, so another move down is still on the table.

Weekly Pivot Ponts:

WR3 - 1.1551

WR2 - 1.1500

WR1 - 1.1377

Weekly Pivot - 1.1325

WS1 - 1.1198

WS2 - 1.1148

WS3 - 1.1029

Trading recommendations:

The sell orders should be placed from the level of 1.1335 in a case of any pull-back upwards and the sell stop orders should be opened below the level of 1.1272, where the local low is. The targets are seen at the levels of 1.1249 and 1.1220.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.