Permanecer 
Condiciones de negociación
Products
Herramientas
4h
The EUR / USD pair on the 4-hour chart resumed the process of falling yesterday and completed the close under the correction level of 100.0% - 1.1218 on the new Fibo level grid. Thus, on March 8, the process of falling quotations can be continued in the direction of the next Fibo level of 127.2% - 1.1120. There are no emerging divergences today. The rebound of the pair from the Fibo level of 127.2% will work in favor of the EU currency and some growth in the direction of the correctional level of 100.0%.
The Fibo grid is built on extremums from November 12, 2018, and January 10, 2019.
Daily
On the 24-hour chart, the pair completed a close below the Fibo level of 127.2% - 1.1285. As a result, the fall in quotations continues in the direction of the next correction level of 161.8% - 1.0941. Maturing divergences in the current chart are not observed in any indicator. Closing quotations above the Fibo level of 127.2% can be interpreted as a reversal in favor of the European currency and we can expect some growth in the direction of the correction level of 100.0% - 1.1553.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders:
Purchases of the EUR / USD pair can be made with the target of 1.1299 if the pair closes above the level of 1.1216, and the Stop Loss order with a correction level of 100.0%.
Sales of the EUR / USD pair can be carried out now with the target of 1.1120, and with a Stop Loss order above the level of 1.1216, since the pair completed closing below the Fibo level of 100.0%.
¡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.
