From a specialized viewpoint, nothing appears to have changed much for the pair with the exception of that the ongoing value activity has been reaffirming steady selling predisposition at larger amounts. The referenced 1.1410 handle may keep on going about as a prompt opposition and any ensuing up-move appears to be bound to stay topped at a five-month-old sliding pattern line obstacle, close to the 1.1440-45 area.

On the other side, the 38.2% Fibonacci retracement dimension of the 1.1510-1.1230 ongoing defeat, around the 1.1340 area, may go about as quick help, which whenever broken unequivocally may quicken the slide further towards the 1.1300 handle, matching with 23.6% Fibonacci retracement level. A finish offering can possibly keep hauling the pair further towards the 1.1265-55 middle of the road bolster in transit multi-month lows, around the 1.1210 area.

EUR/USD Daily Analysis,March 04-2019

PENDING ORDER BUY  EUR/USD @ 1. 1363    SL:  1. 1346              TP1: 1.1378     TP2: 1.1393     TP3: 1.1408

PENDING ORDER SELL  EUR/USD @ 1.1342   SL:    1.1358             TP1: 1.1327     TP2: 1.1312     TP3: 1.1297

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John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.