Technical analysis of EUR/USD for 03/04/2019

Technical market overview:

The EUR/USD pair has almost hit the technical support at the level of 1.1176, but the low was made at 1.1183, a7 pips away from the target level. Nevertheless, the bunce looks weak so far, so there is still a chance for the bears to push the prices towards the target level.

Weekly Pivot Points:

WR3 - 1.1404

WR2 - 1.1365

WR1 - 1.1280

Weekly Pivot - 1.1244

WS1 - 1.1156

WS2 - 1.1125

WS3 - 1.1041

Trading recommendations:

The short-term trend remains bearish ant the target is still seen at the level of 1.1176, so the sell orders should be kept open until the target is hit.

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

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