EURUSD forecast bullish despite declining euro-zone current account surplus
Ringkasan Analisis Teknikal EUR/USD: Buy
| Penunjuk | Nilai | Isyarat |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | berkecuali | |
| Parabolic SAR | Buy | |
| On Balance Volume | Sell |
Analisis carta
The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is retracing after rallying above the 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.2047. 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 1.1951. After placing the order, the stop loss is to be moved to the next fractal low indicator, 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.
Analisis Asas bagi -
Euro-zone current account surplus fell in February. Will the EURUSD decline?
Euro-zone current account surplus fell in February: the European Central Bank reported the current account surplus in single currency area fell to 25.9 billion euro from 34.7 billion in January, when a decline to 31.2 billion was forecast. This is bearish for EURUSD. However, technical setup is bullish for EURUSD.