Forex Team would like to give you some advice about important price levels for eur usd.
On eur usd chart on H4 time frame we see possible price trap between 1.25 and 1.24 price levels.
We think that eur usd price behavior in April could be sideways or bearish. If weekly close price will be below 1.2370 than ForexTeam will sell this currency pair. The next important price level is 1.2315.
I wonder, if bears prepare spring surprise?
here is ForexTeam forecast for currency pair EUR USD for March 2018.
Price increase is limited at 1.2350-1.2380, here is strong resistance level, if this price level holds than we can follow the price movement down to our first target 1.2050-1.20
here is how we see eur usd price behavior for Mid-term period.
Now we can see active pullback from local high (3) till next support level (4) 1.1910-1.1850. From this level 1.1850 we expect move up to first target at 1.2168 and than to 1.2414.
Short term eurusd – SELL
Forex Team traders think that during next 2 weeks EURUSD will accelerate downward movement, especially if daily close price will be under 1.1775 – 1.1747
Well, EUR USD bears and bulls still playing ping-pong in flat canal 1.1880 – 1.1690.
If we see failure at price level 1.1880 than we should see the market retest price level at 1.1320.
Monthly close price will help us with further estimations and eurusd trading.
Good luck 😉