empty
 
 
01.05.2019 08:32 AM
Technical analysis of EUR/USD for 01.05.2019

Technical Market Overview:

The EUR/USD pair has been trading inside of the narrow zone located between the levels of 1.1210 - 1.1226, just where the 50% Fibonacci retracement is located. The bulls do not look like they have enough momentum to support further move upward as the RSI indicator is in othe overbought zone and is pointing down. The market conditions are overbought as well, so the corrective bounce might have been completed and the market can reverse any time now.

Weekly Pivots:

WR3 - 1.1369

WR2 - 1.1315

WR1 - 1.1220

Weekly Pivot: 1.1165

WS1 - 1.1067

WS2 - 1.1006

WS3 - 1.0913

Trading recommendations:

The level of 1.1226 is 50% Fibonacci retracement, so it is a good level to open the sell orders. If, however, the level is violated, then the price might test the level of 61% located at 1.1242. Anyway, this is a good zone to open a sell position in anticipation of the downtrend to resume shortly.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback