EUR/ USD – Daily review on March 12, 2019

Trend analysis (Fig. 1).

On Tuesday, the price may continue its upward movement. The first upper target 1.1270 is the pullback level of 38.2% (blue dotted line) and further up to the pullback level of 50% – 1.1299 (blue dotted line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – up;

– volumes – down;

– candlestick analysis – up;

– trend analysis – up;

– Bollinger lines – up;

– weekly schedule – up.

General conclusion:

On Tuesday, the price may continue upward movement. The first upper target 1.1270 is the pullback level of 38.2% (blue dotted line) and further up to the pullback level of 50% – 1.1299 (blue dotted line).

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Indicator analysis. Daily review on March 12, 2019 for the pair EUR / USD

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