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
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
we present you our new trading ideas about price behavior for currency pair EURUSD.
According ForexTeam technical analysis we can say that EURUSD could test price area 1.2170, while this currency pair continues to hold over uptrend line at 1.1830, but if we take a look to USD index we can say that bears could press the price already from price level at 1.2050.
EURUSD H4 chart shows us possible H&S pattern in progress.
If bears take a control over the price on EURUSD, please pay attention on the following price levels:
All these price levels are possible (Stop-loss) breakup points.
we present USD Index short weekly review for the nearest future.
ForexTeam still think that USD Index is under bears pressure and it could be possible correction to the resistance level 96.20-96.50 and if this level will not broken up than we expect further jump down to the support level on 94.00
From other hand, if this scenario is right, we expect EURUSD (1.19) and GBPUSD (1.35) rise!