For Traders

Analytical Reviews

Technical analysis

03.04.201906:05 Forex Analysis & Reviews: Forecast for EUR/USD for April 3, 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 Tuesday, the euro fell by 8 points and currently lingers near the March 7 low, mastering the range of 1.1184-1.1250, accumulating strength before further decline. On the four-hour chart, the signal line of the marlin oscillator entered positive territory, which indicates a potential delay in consolidation. The previously designated signal level of 1.1234 now loses its role, it is replaced by a high of April 1 as the resistance level. Also on H4, the MACD line tends to this level, which will strengthen it.

We are waiting for the price to move below the lower limit of the consolidation range (1.1184) and to further decline to the target levels of the Fibonacci lines (daily): 1.1155, 1.1075.

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.