empty
 
 
05.03.2019 12:57 PM
EUR/USD analysis for March 05, 2019

EUR/USD has been trading sideways at the price of 1.1324. Intraday bullish divergence is in creation, be careful with selling.

This image is no longer relevant

According to the 30M time – frame, we found that every time EUR/USD makes a new low, buyers respond immediately which is a sign that sellers don't have enough power for larger selling. Another sign that the current downward movement is weak is the bullish divergence on the stochastic oscillator. Key short-term support is seen at 1.1308 and EUR/USD failed to test that support today. Key intraday resistance is seen at 1.1342.

Trading recommendation: We are neutral on the EUR/USD pair but with the higher risk for the further downward side. We would like to see the successful breakout of resistance at 1.1342 to confirm the upward movement. If we see the breakout, we will open small long position with targets at 1.1380 and 1.1410.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback