Indicator analysis. Daily review March 27, 2019 for the pair EUR/USD
March 27, 2019 9:24 am
Trend analysis (Fig. 1).
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is 1.1224.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis – down;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is at 1.1224.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is 1.1224.
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis – down;
– trend analysis – down;
– Bollinger lines – down;
– weekly schedule – down.
General conclusion:
On Wednesday, the price may continue to move down. The first lower target of 1.1241 is the pullback level of 76.4% (yellow dotted line). In case of the breakdown of this level, there will be further downward movement with testing of the support line (blue bold line) which is at 1.1224.
The material has been provided by InstaForex Company – www.instaforex.com
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