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[QUOTE="Antony_NPBFX, post: 178181, member: 38727"] [size=5][b] EUR/USD: EUR corrects 18.03.2020 [/b][/size] Good afternoon, dear forum visitors! [url= https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] EUR is growing against USD, correcting after another decline yesterday when it was under pressure from the depressing statistics on business activity from ZEW. German ZEW Economic Sentiment collapsed from 8.7 points to –49.5 points in March, worse than expectations of –26.4 points. German ZEW Economic Sentiment for the same period fell from –15.7 to –43.1 points with a forecast of –30 points. ZEW Economic Sentiment in the euro area in March fell from 10.4 to –49.5 points with a forecast of a decrease of -35.4 points. The coronavirus pandemic continues to rage in Europe, pushing states to take new measures to support the economy and tighten quarantine. Many European companies announced suspension of production for several weeks trying to minimize their losses. Today, European investors are focused on the February statistics on consumer inflation in the EU. [b] Support and resistance [/b] On the D1 chart Bollinger Bands are reversing downwards. The price range is expanding, trying to keep pace with the surge of “bearish” sentiment. MACD goes down preserving a stable sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic, having approached the level of 20, reversed into a horizontal plane, signaling about risks of oversold EUR in the ultra-short term. Existing short positions should be kept in the short term until the signals from technical indicators clear up. Resistance levels: 1.1054, 1.1100, 1.1200, 1.1247. Support levels: 1.1000, 1.0954, 1.0900, 1.0862. [img]http://businesspr-finance.com/wp-content/uploads/2020/03/eur-3-2.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/03/eur-4-2.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the breakout of 1.1054 or 1.1100. Take-profit – 1.1200 or 1.1247. Stop-loss – 1.1000 or 1.0970. The rebound from 1.1054 as from resistance followed with breakdown of 1.1000 can become a signal to new sales with target at 1.0900 or 1.0862. Stop-loss – 1.1070. Implementation time: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: analytics[/b] You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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