empty
 
 
07.03.2019 12:32 PM
EUR/USD analysis for March 07, 2019

EUR/USD has been trading upwards as we expected. The price tested the level of 1.1324.

This image is no longer relevant

As we advised yesterday, the breakout of the 1.1310 did confirm the further rally on EUR/USD. A selling climax in the background followed by sideways movement is a sign that sellers lost power and that support at 1.1290 held successfully. Besides, the bullish divergence on the Stochastic oscillator is present, which is another sign of potential strength. Resistance levels are seen at 1.1338 and 1.1380.

Trading recommendation: We are long EUR from 1.1315 with targets at 1.1338 and 1.1380. Protective stop is placed at 1.1284
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $6000 more!
    In December we raffle $6000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback