EURUSD – Analysis – 28th of March, 2018
The EURUSD pair rebound in a bullish trend after the fall it experienced on the 28th of March, while the EMA50 developed excellent prop up the base to keep the price from further fall, whereas stochastic started to make positive overlap signals.
Thus, we believe that there are substantial opportunities to quickly trade positively on the intraday, which brings to mind that the next target is positioned at 1.2536, even as it maintains above 1.2304 and stands for the most significant condition to keep increasing in price as projected.
The projected trending rage for the day was between 1.2350 supports and 1.2536 resistances. The price trend is expected to move in a bullish direction.
Midday analysis of EURUSD for the 28th of March
The EURUSD pair retraces to offer the contrary trades and return to the EMA50, which maintains the move to keep the price confident, and in so far as the price goes beyond 1.2304; our bullish impression will continue to remain. The positive stochastic also supported it while we waited to attain 1.2536 as the next dominant position.
The expected trading range for the day continues to fall within the 1.2350 support and 1.2536 resistances while price trend is expected to move in a bullish direction.
The End of day analysis for EURUSD 28th of March
The EURUSD pair culminated the day while trading negatively at the central support 1.2304, which signals you to be cautious about the upcoming trading because confirmation of the break of this level will stop the not long-anticipated rise and push the price to turn down towards 2160 as a crucial subsequent position.
Thus, it is significant to monitor the daily candlestick and the opening of the 29th of March about the 1.2304 to be able to confirm the next position.
EURUSD maintains its positive stability – Analysis of the 29th of March
The 1.2304 level tried to hold against the rejection that the EURUSD pair experienced on the 28th of March. The day began with moderate positivity that indicates the possibility of price movement to retrace the first bullish trend, which provided support for the likelihood of attaining the gain anticipated in the forthcoming period, while we waited for it to move close to 1.2536 which stood for the next critical price position.
The Midday analysis of EURUSD for the 29th of March
The EURUSD pair retraces to test the primary support at 1.2304 and tries to smash it. This warned us to be cautious about the next trade, because the close f the four hours’ candlestick under this stage will force the price to continue a downward movement throughout the day, and this would make it easy for it to get to the 1.2160 position.
Before this stage, we will maintain the positive situation due to the prize price stability condition beyond the 1.2304 level, bearing in mind that the forthcoming target is at the 1.2536 position.
The anticipated trading range for the day falls between 1.2250 supports and 1.2430 resistances. The expected trend for the day is Bullish.
The end of the day analysis of EURUSD for the 29th of March
The EURUSD pair remained around 1.2304 levels, and the bullish trend situation is still valid in so far as the price continues to be beyond this level, propped up by affirmative stochastic, while we waited for it to move towards 1.2536 that stood for our crucial forthcoming target. This reminds us that a break at 1.2304 will drive the price to fall to around 1.2160 before it would try to move higher again.
Stochastic illustrates oversold signals to maintain the anticipated rise which reminds us that a break at 1.2304 will make the price to fall further and target 1.2160 regions before it retraces to move higher again.
The anticipated trading range for the 29th of March is around 1.2250 supports and 1.2430 resistances. The price trend is expected to move in a bullish direction.