Condizioni di trading
Strumenti
4h
The currency pair EUR / USD, after the formation of a third consecutive bullish divergence, this time around the MACD indicator, reversed in favor of the euro and closing above the Fibo level of 23.6% - 1.1358. As a result, the growth process can be continued in the direction of the next correction level of 38.2% - 1.1446. The pair's January 23 pass of the last divergence low can be interpreted as a reversal in favor of the US dollar and the resumption of a fall in the direction of 1.1269 is expected.
The Fibo grid is built on extremes from September 24, 2018, and November 12, 2018.
Daily
On the 24-hour chart, the process of falling continues in the direction of the correctional level of 127.2% - 1.1285. The end of quotes from this Fibo level will allow traders to count on a turn in favor of the EU currency and some growth in the direction of the correction level of 100.0% - 1.1553. Fixing the pair below the Fibo level of 127.2% will increase the probability of a further fall in the direction of the next correction level of 161.8% - 1.0941.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders:
Purchases of the currency pair EUR / USD can be carried out now with a target of 1.1446 and a Stop Loss order below the level of 23.6%, as the pair completed closing above the correction level of 1.1358, in conjunction with the bullish divergence.
Sales of the currency pair EUR / USD can be carried out with the target of 1.1269 with a Stop Loss order above the Fibo level of 23.6% if the pair performs the last low divergence pass.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.