For Traders

Analytical Reviews

Technical analysis

28.02.202000:43 Forex Analysis & Reviews: Evening review 02/27/2020 EURUSD. Euro cancels the trend

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.

The dollar by Thursday evening - retreats on all fronts. It appears that the picture for the franc and the yen is against the dollar. The pound does not rise against the dollar, but there is no signal to fall.

This, of course, is due to the global rebalancing of large fund portfolios - due to the exacerbation of the coronavirus - and more importantly - the cessation of growth of US indices. If the US market loses growth, this greatly reduces the attractiveness of the dollar.

EURUSD: We almost came to the cancellation of the trend signal down, which (signal) was given on February 12 with a break below 1.0880.

The last point to cancel the trend is 1.0990.

If the euro rises to 1.0990, the trend is canceled as failed.

While holding sales, stop at 1.0990.

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.