31.03.202121:55 Forex Analysis & Reviews: EURUSD remains under pressure but we could see a bounce towards 1.18 soon.

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

EURUSD is very close to our target of 1.17. Price has reached very close to important long-term Fibonacci support level and is showing signs of weakening bearish momentum. The RSI in the Daily chart has not provided a new low as price did and is giving is a bullish divergence.

Blue lines - bullish divergence

Yellow rectangle - bounce target

This does not mean that a trend reversal is coming. The bullish divergence by the RSI is just a warning. The chances for a bounce have increased. A bounce towards the yellow rectangle area of 1.18-1.1850 is justified after the sharp decline from 1.1990. Today price moved as high as 1.1760 but fails so far to stay near the daily highs. Price is back to its daily lows and early tomorrow we could see a swift breach below 1.17. The end of the week is approaching and profit taking by the bears can not be ruled out. This could be the reason price bounces as we expect in the short-term. Technically trend remains bearish as price continues making lower lows and lower highs. The 1.20 level is key trend change level.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.