For Traders

Analytical Reviews

Technical analysis

01.04.201906:18 Forex Analysis & Reviews: Forecast for EUR/USD for April 1, 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

Last Friday, the euro tried to get above the control technical level of 1.1234, but the bears stopped these attempts, the day closed with a black candle and thus the price consolidated below this level, which created another additional factor for the euro's further decline to Fibonacci lines: 1.1155 - 110.0%, 1.1075 - 123.6%, 1.0985 - 138.2%. The basic branch of the Fibonacci grid is taken at extremes on September 24 and November 12, 2018.

On the four-hour chart, the signal line of the Marlin oscillator enters the growth zone, which warns about the possibility of a false exit of the price over the control level of 1.1234, but in general, this does not change the situation.

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.