10.03.202008:59 Forex Analysis & Reviews: EURUSD signaling a pull back is near

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.

EURUSD has managed to reach as high as 1.1495 and is now pulling back. With short-term oscillators at overbought levels and a hyperbolic rise, I believe it is about time that price makes a healthy pull back as a back test of the break out.

Red lines - wedge pattern (broken)

Blue lines - Fibonacci retracement

EURUSD has made a sharp rise from 1.0778 to 1.1495 and I believe it is time to see a pull back towards 1.1230-1.1135 area. There are high chances that the longer-term trend in EURUSD is about to change. However the coming pull back would be crucial to this view.

So far the weekly candlestick is a bearish reversal one but it is still too early to reach conclusions. However it is frequent when at the start of the week the move is negated very soon after, prices chance short-term trend. In this case our strong start of the week was followed by a sharp reversal lower. From 1.1495 price is now trading around 1.1340 and this is a weakness sign that should lead to our anticipated pull back.

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.