FOREX FORECAST FOR THE EUR / USD - WEEK FROM 03/26 TO 03/30

in #forex7 years ago

FOREX FORECAST FOR THE EUR / USD - WEEK FROM 03/26 TO 03/30 BY T0RN4D0
keep it simple all the time ;)

FUNDAMENTAL ANALYSIS

The dollar was under pressure against the backdrop of the decision of US President Donald Trump to apply harshly custom duties against China. The European Union, Australia, Argentina, Brazil and South Korea will receive a temporary exemption from import duties for steel and aluminum in the United States. The preconditions for a trade war between world powers provoked concern in world markets. The single European currency against the dollar on Friday shows a moderate strengthening. Disappointing preliminary data on business activity in the industry and services sector in the euro area for March restrain the growth of quotations.

TECHNICAL ANALYSIS

The euro/dollar currency pair spent a week in a narrow range under the upper border of the trade channel. The RSI indicator on the daily chart is testing the downward trend line, it is expected to rebound downward.

tvc_57731bacdb02948ff9660e608fe8859e.png
(This image was generated using investing.com)

FORECAST

T0rn4d0 forecast for EUR / USD for a week on March 26-30 provides for a decline in quotations after a retest of the border of the channel (1.2350). The growth of the euro above 1.24 will cancel the downward scenario.

SIGNAL

Conservative: short operation (sell) at 1.2350, take profit at 1.2300 (first resistance). Stop loss at 1.2400
Risky: short operation (sell) at 1.2350, take profit at 1.2260 (first resistance). Stop loss at 1.2400

Sort:  

Congratulations @t0rn4d0, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.


Thumbs up for Steem Network´s strategy

The proven road to boost your personal success in this amazing Steem Network

Do you already know that awesome content will get great profits by following these simple steps that have been worked out by experts?

Congratulations @t0rn4d0! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Reply

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @t0rn4d0! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!