Indicator Value Signal
RSI    Neutral
MACD    Buy
Donchian Channel    Buy
MA(200)    Buy
Fractals    Buy
Parabolic SAR    Buy

 

Chart Analysis

EURUSD

On 1-hour timeframe EURUSD: H1 has breached above the 200-period moving average MA(200) which is falling itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.0965. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.0891. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

 

Fundamental Analysis

Germany’s business sentiment deteriorated sharply in March. Will the EURUSD reverse its climbing?

 

 


 

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