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11.03.201908:15 Forex Analysis & Reviews: Weekly review for the pair EUR / USD from March 11 to 16, 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.

Trend analysis (Fig. 1).

This week, the price will move up with the first goal - the resistance line 1.1380 (red bold line).

Exchange Rates 11.03.2019 analysis

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - up;

- Candlestick analysis is neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Monthly schedule - down.

Conclusion of the complex analysis - upward movement.

The total result of the calculation of the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday - down) and the absence of the second upper shadow (Friday - up).

When moving down, the first upper target is the resistance line 1.1380 (red bold line).

Stefan Doll
Analytical expert of InstaForex
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