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02.04.201906:42 Forex Analysis & Reviews: Forecast for EUR/USD for April 2, 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

With the opening of the new week, the euro once again tested the benchmark level of 1.1234, but the attempt was uncertain, and the day closed just below the opening price. On the four-hour chart, the signal line of the oscillator marlin has moved to the decline trend zone, now there is not a single sign of the indicator for a possible increase. We look forward to the euro's further decline to the targets defined by Fibonacci levels: 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.

Exchange Rates 02.04.2019 analysis

Exchange Rates 02.04.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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