Analysis of EURUSD 11.03.2019

Analysis of EURUSD 11.03.2019

Written by: PaxForex analytics dept - Monday, 11 March 2019 0 comments
The price is below the moving average 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.1175
• Take Profit Level: 1.1100 (75 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.1320
• Take Profit Level: 1.1350 (30 pips)