empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

27.03.202304:45 Forex Analysis & Reviews: Forecast for EUR/USD on March 27, 2023

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 euro closed Friday with a 71-point drop. The price tried to get out of the target range of 1.0758/87, but it still ended the day within that range. On the daily chart, the Marlin oscillator fell even deeper. Now, after settling below 1.0758, we're waiting for the price near the target support at 1.0660.

Exchange Rates 27.03.2023 analysis

On the four-hour chart, the MACD and balance line are in the way. The Marlin oscillator has penetrated into the area of the downtrend and is stuck there. Now, in order to fuel the bears, they need to overcome Friday's low at 1.0714.

Exchange Rates 27.03.2023 analysis

If the price rebounds above 1.0787, the euro may continue its bullish correction to 1.0860, to the MACD line on the daily chart.

Laurie Bailey
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off