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

15.03.201913:55 Forex Analysis & Reviews: EUR / USD plan for the US session on March 15. Further direction of the euro is questionable

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.

To open long positions on EU / USD pair, you need:

In comparison with the morning forecast, the situation has not changed as the report on inflation in the eurozone completely coincided with the forecasts of economists. It is best to return to long positions after a correction and the formation of a false breakdown in the area of support at 1.1304 or to rebound from the minimum of 1.1278. Only a breakthrough and consolidation above the resistance of 1.1333 will resume the upward movement of the pair in order to update the highs around 1.1368 and 1.1405, where I recommend taking profits.

To open short positions on EUR / USD pair, you need:

Bears will count on another unsuccessful attempt to break through the resistance of 1.1333 and strong data on the American economy may lead to a downward correction in the area of yesterday's support at 1.1303 and 1.1278, where I recommend taking profits. In case of weak data on industrial production in the US, growth in the EUR/USD pair may continue. If this happens, it is best to return to short positions for a rebound from the maximum of 1.1368 and 1.1405.

More in the video forecast for March 15

Indicator signals:

Moving averages

The price remains above the 30- and 50-moving average but it is located in close proximity, which indicates the side movement in the market.

Bollinger bands

If the euro declines in the second half of the day, support may be provided in the lower limit of the Bollinger Bands indicator around 1.1293.

Exchange Rates 15.03.2019 analysis

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

Miroslaw Bawulski
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