01.04.202406:47 Forex Analysis & Reviews: Forecast for EUR/USD on April 1, 2024

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.

EUR/USD

On Friday, the price closed below the balance indicator line on the daily chart. This morning, the price is trying to rise above the level of 1.0796. If it closes Tuesday above this mark, the next target will be 1.0905. However, it has a weak potential for growth, as the Marlin oscillator will continue to move in the downtrend territory.

Today, the US Manufacturing Purchasing Managers' Index for March will be published. Market players expect it to rise from 52.2 to 52.8. The ISM Manufacturing PMI is projected at 48.5, up from February's 47.8. This will weigh on the euro. If the pair closes the day below the level of 1.0796, then we can confirm the initial signal that we saw on Friday, and the price may fall to 1.0724. The second target is 1.0632 - the low of May 31, 2023.

On the 4-hour chart, the price fluctuates at the level of 1.0796. The Marlin oscillator is close to transitioning into the growth territory. If the price settles above this mark, Marlin will climb above the zero line, and such a combined signal will open the corrective target of 1.0820 - the MACD line on the considered timeframe. If the price settles above 1.0822, the target will be 1.0865. A break below Friday's low will remove the risk of corrective growth.

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.