Forecast for EUR/USD on March 28, 2019


This morning, the euro did not reach the target level of 1.2434, but it could still happen during the day, which does not break the convergence with the marlin oscillator on the four-hour scale. But regardless of this level's development, the price prepared the technical conditions for a small correction, in the range of 1.1275-1.1310. The upper limit of the range is due to the MACD line resistance on the four-hour chart.



Consolidating prices below 1.1234 opens a new target - 1.1155 (Fibonacci reaction level 110.0%).

The material has been provided by InstaForex Company -