empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

25.03.201906:45 Forex Analysis & Reviews: Trading plan for EUR/USD for March 25, 2019

Long-term review

Exchange Rates 25.03.2019 analysis

Technical outlook:

The H4 chart for EUR/USD has been presented here with potential wave counts which could reflect the medium-term outlook. Please note that the EURUSD pair has reached the support range between the 1.1280 and 1.1340 levels, respectively. On Friday, an intraday low was made at the 1.1273 levels before pulling back towards 1.1300. The potential wave structure could be defined as an impulse wave between 1.1175 and 1.1443, labelled as Wave 1 on the chart here. The drop can be seen as corrective (a-b-c), but we have kept the alternate count open which could produce a 5 wave drop from the 1.1443 levels. If the prices manage to hold above the 1.1273 levels, the next move should be bullish towards the 1.1700/1.1800 levels. As an alternative, if the prices drop below the 1.1273 levels producing an impulse, we would look out for a potential short opportunity on a pullback rally. For now, we remain on the higher side.

Trading plan:

Remain long, stop below the 1.1273 levels, the target is open.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

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