EUR/USD Daily Forex Analysis,March 12-2019

The EUR/USD pair dropped possibly underneath Asian session lows and hit a new every day low at 1.1220. The pair keeps on exchanging close to the lows with a negative tone.

The euro broke to the drawback in the wake of moving sideways for a few hours. The recuperation from the 20-month lows it came to on Thursday at 1.1170 lost quality in the wake of being rejected from over the 1.1260 zone. The ongoing slide could point as far as possible of the rectification and conceivably make room for a trial of a week ago lows, especially if the pair falls underneath 1.1210.

A week ago, the tentative ECB meeting left the euro defenseless. Today it is among the most exceedingly bad entertainers. The US dollar is posting blend results. Information from the US demonstrated a skip in retail deals amid January yet December negative numbers were amended even lower.

EUR/USD Daily Forex Analysis,March 12-2019

PENDING ORDER BUY  EUR/USD @ 1. 1264    SL:  1. 1251               TP1: 1.1279     TP2: 1.1294     TP3: 1.1309

PENDING ORDER SELL  EUR/USD @ 1.1248    SL:    1.1261             TP1: 1.1233    TP2: 1.1218     TP3: 1.1203

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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.

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