25.02.201909:14 Forex Analysis & Reviews: EUR/USD technical analysis for 25/02/2019

Long-term review

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 technical analysis for 25/02/2019:

Horizontal moves are still present on this market

Technical market overview:

The EUR/USD pair get stuck in a horizontal area located between the levels of 1.1316 - 1.1371 after a three wave bounce from the swing low at the level of 1.1234. The momentum remains neutral and as long as one of the important levels is not clearly violated, the consolidation will continue. The larger time-frame trend remains bearish ant this bounce is still considered as a local upward correction. Violation of the level of 1.3000 will accelerate the sell-off as the downtrend will be continued again.

Weekly Pivot Points:

WR3 - 1.1473

WR2 - 1.1420

WR1 - 1.1380

Weekly Pivot - 1.1328

WS1 - 1.1280

WS2 - 1.1226

WS3 - 1.1185

Trading recommendations:

There is no good trading setup present on the EUR/USD market right now, so it is better to wait and see how the price will react when one of the levels (support or resistance) is violated. The daytraders should try to place the sell orders as close as possible to the level of 1.1366 with a tight protective stop loss. The target would be the other side of the range at the level of 1.1316.

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.