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05.04.201906:30 Forex Analysis & Reviews: Forecast for EUR/USD on April 5, 2019

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.

EUR/USD

On Thursday, the euro was trading with an amplitude of 20 points, it did not hit the upper limit of a range of 1.1184-1.1255. On the daily chart, no significant changes in the readings of indicators have occurred, the trend remains steadily decreasing.

On the four-hour chart, the change affected the signal line of the marlin oscillator, which approached the border with the territory of declining trends (zone of negative numbers). Leaving the line in this zone will be the first impulse for the price to move further downwards. A decline of the price below 1.1184 can send the euro straight to 1.1155 and further towards 1.1075 - Fibonacci reaction lines 110.0% and 123.6%, respectively.

Exchange Rates 05.04.2019 analysis

Exchange Rates 05.04.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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