EUR/USD analysis for March 07, 2018 888011000 110888 Just recently, the EUR/USD pair has been trading upwards. The rate checked the level of 1.2444. Inning accordance with the 30M time– frame, I found series of higher highs and higher lows, which is an indication that buyers remain in control. I also found a bullish cross on the stochastic oscillator, which is another indication of strength. Anyway, look for a breakout of resistance at 1.2441to verify further upward extension. The upward target is set at the rate of 1.2477. Resistance levels: R1: 1.2441 R2: 1.2477 R3: 1.2533 Support levels: S1: 1.2350 S2: 1.2292 S3: 1.2257 Trading recommendations for today: watch for prospective buying opportunities.The material has been supplied by InstaForex

By | March 7, 2018

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