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EUR/USD Technical Analysis - EUR/USD Trading: 2021-03-30
EUR/USD Technical Analysis Summary
Below 1.1725
Sell Stop
Above 1.1770
Stop Loss
| Indicator | Signal |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
| On Balance Volume | Neutral |
EUR/USD Chart Analysis
EUR/USD Technical Analysis
The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is falling below the 200-period moving average MA(200) which continues to fall. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.1725. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1770. After placing the order, the stop loss is to be moved to the next fractal high 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.
Fundamental Analysis of Forex - EUR/USD
German import prices rose more than expected in February. Will the EURUSD retreat reverse?
German import prices rose more than expected in February: the federal statistical office Destatis reported German index of import prices increased by 1.4% over year in February after 1.2% decline in previous month, when an 1.1% growth was forecast. This is bullish for EURUSD. However EURUSD current setup is bearish.
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