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