For Traders

Analytical Reviews

Trading plan

21.03.201907:33 Forex Analysis & Reviews: Trading plan for EUR/USD for March 21, 2019

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Technical outlook:

A 4H chart view has been displayed for EUR/USD to have a larger wave count and medium-term outlook. Yesterday the EUR/USD pair eventually worked through its critical initial resistance at 1.1420 levels yesterday in line with what had been discussed here for several trading sessions. Aggressive traders who went long can now take profits at current market price 1.1420/30 levels if not done yet. The wave counts can be depicted as wave 1 of a higher degree being ready at this point in writing. An ideal scenario from here would be a drop lower towards at least 1.1340 levels, which is the fibonacci 0.382 retracement levels as displayed here. Please note that prices may continue to correct towards 1.1280 levels, which is the fibonacci 0.618 support as seen above. After working out wave 2 between 1.1280/1.1340 levels, we can expect EUR/USD to rally further towards 1.1700/1.1800 levels as wave 3 unfolds. The 1.1175 level is now seen as strong support and prices are expected to remain higher.

Trading plan:

Buy on dips towards 1.1280/1.1340 levels, stop below 1.1175 and target is open.

Good luck!

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.