empty
 
 
28.03.2019 09:52 AM
Wave analysis of EUR / USD for March 28. ECB and Mario Draghi do not allow the Eurocurrency to grow

This image is no longer relevant

Wave counting analysis:

On Wednesday, March 27, trading ended for EUR / USD by another 15 bp decline. Thus, the assumed wave b continues its construction, taking the clearly expressed three-wave form. An unsuccessful attempt to break through the Fibonacci level of 76.4% can lead to a departure of quotes from the reached highs and the completion of the construction of wave b. If these are true, then the tool from the current positions will attempt to start building a wave with targets located above the 14th figure. The current wave counting is characterized by almost one-dimensional waves. On the other hand, the news background for the pair remains neutral, despite the statements of Mario Draghi about the downside risks for the EU economy and the launch of a new long term loan program for ECB banks.

Sales targets:

1.1240 - 76.4% Fibonacci (small grid)

1.1177 - 100.0% Fibonacci

Purchase goals:

1.1448 - 0.0% Fibonacci

General conclusions and trading recommendations:

The pair supposedly completed or is close to completing the construction of wave b. Now, I recommend waiting for a new signal to complete the current downward wave. Such a signal may already be an unsuccessful attempt to break through the level of 76.4% Fibonacci. Consequently, you can try small purchases with restrictive orders below the level of 76.4%.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Octubre, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback