For Traders

Analytical Reviews

Technical analysis

29.03.201907:10 Forex Analysis & Reviews: Forecast for EUR/USD on March 29, 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.

EUR/USD

On Thursday, the euro lost 26 points, reaching the low of November last year and closing the trading session just below the target level of 1.1234. On the daily chart, the price is firmly fixed below the indicator lines of balance (indicator red) and MACD (indicator blue), the signal line of the Marlin oscillator is developing in the decline zone.

On the four-hour chart, the price is going with the forces below the level of 1.1234 (the low of 15 February), the signs of all indicators signify the prospect of the euro's further decline. The first goal of the decline is the Fibonacci reaction level of 110.0% at the price of 1.1155, the second target of 1.1075 is the Fibonacci level of 123.6%. Basic branch while constructing Fibonacci retracement from 24 September to 12 November.

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.