Volkov Yuriy
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The market holds its positions
Euro
The Eurozone will publish the final consumer price index data for February. There are no prerequisites for the revision indicator upward, therefore, the release of data on the level of consensus- forecast is expected. Everyone expects full-scale geopolitical crisis between Russia and Ukraine which can put pressure on a risky assets.
The support levels: 1.3910-1.3860, and the resistance levels: 1.3914-1.3980.
MACD is turned up, indicating on the current uptrend, if the indicator is developed downward, it can start a downward movement turn.
Trading Recommendations
Generally, the situation remains positive. Nevertheless, fundamentally, it is difficult to find a good reason for buying the single currency. That’s why it’s not the fact that the pair will move above 1.3937-1.3966.
The loss of the support in the 1.3845-1.3833 will lead to a fall down to 1.3740.
Read more
Euro
The Eurozone will publish the final consumer price index data for February. There are no prerequisites for the revision indicator upward, therefore, the release of data on the level of consensus- forecast is expected. Everyone expects full-scale geopolitical crisis between Russia and Ukraine which can put pressure on a risky assets.
The support levels: 1.3910-1.3860, and the resistance levels: 1.3914-1.3980.
MACD is turned up, indicating on the current uptrend, if the indicator is developed downward, it can start a downward movement turn.
Trading Recommendations
Generally, the situation remains positive. Nevertheless, fundamentally, it is difficult to find a good reason for buying the single currency. That’s why it’s not the fact that the pair will move above 1.3937-1.3966.
The loss of the support in the 1.3845-1.3833 will lead to a fall down to 1.3740.
Read more