Condições de Negociações
Ferramentas
4h
As seen on the 4-hour chart, the EUR/USD pair rebounded from the retracement level of 100.0% (1.1177), which allows traders to expect some growth in the direction of the retracement level of 76.4% (1.1241). There are no emerging divergences today. The strengthening of the pair under the Fibo level of 100.0% can be interpreted as a reversal in favor of the US currency and expect a resumption of the fall in the direction of the retracement level of 127.2% (1.1102).
The Fibo grid is built according to the extremes of March 7, 2019, and March 20, 2019.
Daily
As seen on the 24-hour chart, the picture is the opposite. Quotes of the pair completed the close below the Fibo level of 127.2% (1.1285) that allows expecting a continuation of the fall in the direction of the retracement level of 161.8% (1.0941). There are no emerging divergences today. The consolidation of quotations above the Fibo level of 127.2% will work in favor of the EU currency and will allow expecting some growth in the direction of the retracement level of 100.0% (1.1553).
The Fibo grid is built according to the extremes of November 7, 2017, and February 16, 2018.
Forecast and trading recommendations for EUR/USD:
Buy deals on EUR/USD pair can be opened with the target at 1.1241 since the pair has completed the rebound from the level of 100.0%. The stop loss order should be placed below the level of 1.1177.
Sell deals on EUR/USD pair can be opened with the target at 1.1102 if the pair closes below the retracement level of 100.0%. The stop loss order should be placed above the level of 1.1177.
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.