Trading Conditions
Products
Tools
We note in the daily chart that EUR / USD has reached a key resistance level, around 1.1988. In the month of March, the pair has formed a double top, and the price is now touching the same level for the third time.
If EUR / USD, in daily charts, consolidates above the psychological level of 1.20, there could be a bullish move to the 1.2086 area.
As the eagle indicator in 4-hour charts is showing an overbought signal, we expect there to be a correction to the monthly support at 1.1910.
Given that EUR / USD is now below this resistance level, our recommendation is to sell with targets at 1.1910.
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.