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25.03.201910:36 Forex Analysis & Reviews: Wave analysis of EUR / USD for March 25. Euro is ready to build a new rising wave

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.

Exchange Rates 25.03.2019 analysis

Wave counting analysis:

On Friday, March 22, bidding ended for the pair EUR / USD by 70 bp decrease. Thus, the estimated wave b in the composition of the new upward trend can already be completed. The tool made an unsuccessful attempt to break through the 61.8% Fibonacci level, which indirectly indicates the pair's readiness to build a new upward wave. The news background for the pair is now with a slight margin in favor of the euro. Still, the Fed last week announced that it was not going to raise the key rate in 2019. And this indirectly indicates a decline in economic growth and the threat of recession.

Sales targets:

1.1280 - 61.8% Fibonacci (small grid)

1.1240 - 76.4% Fibonacci (small grid)

Purchase goals:

1.1448 - 0.0% Fibonacci

General conclusions and trading recommendations:

The pair supposedly completed the construction of wave b. Now, I recommend re-buying the pair, initially in small volumes, and as the instrument's transition to the building of the rising wave is confirmed, increase the volumes with targets located near the estimated 1.1448 mark, which equals to 0.0% Fibonacci.

Chin Zhao
Analytical expert of InstaForex
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