Tifia Forex Broker Daily Market Analytics, Analytics and trading recommendations by Tifia Company

XAU/USD: positive dynamics of gold remains

24/03/2020


At the beginning of this month, having reached a new, more than 7-year high, near the mark of 1703.00, over the next 2 weeks the XAU / USD pair fell by 250 points (more than 17%), to the 1452.00 mark. Investors were forced to sell their gold reserves, hedging stock market transactions and covering margin stake requirements.

However, the growth of gold quotes seems to have resumed. Having bounced from the strong support levels of 1496.00 (ЕМА200 on the daily chart), 1484.00 (Fibonacci level 50% of the correction to the wave of decline since September 2011 and the mark of 1920.00), the XAU / USD has increased by 6.5% since the beginning of the week, today reaching an intraday maximum near the mark of 1611.00.

The aggressive stimulating actions of the Fed and the weakening of the dollar against this background contribute to the growth of gold quotes.

On Monday, the Fed announced new measures to stimulate the US economy and stabilize financial markets. Now the Fed intends to buy government bonds and securities issued by mortgage agencies if necessary in unlimited quantities. Over the past week, the Fed's balance sheet increased by $ 350 billion, to a record $ 4.7 trillion. According to CNBC, the Fed’s incentive measures are the most aggressive market intervention by the Fed since its inception.

After the Fed has approached the limit of its ability to support the economy, reducing its interest rates to almost zero and pouring billions of dollars into the financial system, investors are now waiting for no less strong action from the US government.

According to media reports, the US government is working on a large-scale package of incentive measures to help businesses and citizens. The amount of the package may exceed $ 1 trillion. However, last Sunday the US Senate did not reach an agreement on the rescue package, which includes assistance to companies and households.

Demand for gold and other protective assets will continue until the coronavirus epidemic declines, the global economy begins to recover, and the Fed does not think about tightening its monetary policy. And this is still very far away.

In the current situation, long positions are preferred. Above the short-term support levels of 1538.00 (EMA200 on the 1-hour chart), 1575.00 (EMA200 on the 4-hour chart), purchases look safe, and above the support level of 1496.00, the long-term positive dynamics of XAU / USD remains.

Support Levels: 1587.00, 1575.00, 1555.00, 1538.00, 1496.00, 1484.00, 1450.00

Resistance Levels: 1611.00, 1703.00, 1718.00



Trading Recommendations


Sell Stop 1550.00. Stop-Loss 1613.00. Take-Profit 1538.00, 1496.00, 1484.00, 1450.00

Buy "by the market". Stop-Loss 1550.00. Take-Profit 1611.00, 1703.00, 1718.00

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
USD/JPY: investors are not yet ready to actively sell the dollar

25/03/2020


After the measures announced by the Fed last Monday, investors cheered up a bit and markets revived. The Fed launched the printing press at full capacity and poured billions of dollars into the financial system. Over the past week, the Fed's balance sheet increased by $ 350 billion, to a record $ 4.7 trillion.

Last Tuesday, US stock indices showed record growth. The Dow Jones Industrial Average grew by more than 11%, showing the largest single-day growth in almost 90 years. The S&P 500 gained 9.4%, and the Nasdaq Composite - 8.1%. On Wednesday, the growth of futures for US stock indexes continued in the first half of the trading day.

Nevertheless, despite the Fed’s aggressive stimulus measures, investors are not yet ready to actively sell the dollar, although this moment may come - abruptly and “as always”, unexpectedly.

The pair USD / JPY continues to trade in the range of the last 5 days (between support / resistance levels of 109.70 / 111.70). A summary of the views of Bank of Japan executives published Tuesday evening (23:50 GMT) states that “the consequences of a coronavirus pandemic can be long-lasting and significant”, and “the bank can take timely action as part of an emergency meeting”, if the need arises.

Last week (March 16), the Bank of Japan this time chose not to lower the key rate, leaving it at -0.1%, and the target level of yield on 10-year government bonds in Japan is about zero. The Bank of Japan said it would double ETF purchases to 12 trillion yen ($ 112 billion) a year, and raised the target level of corporate bonds on its balance sheet to 4.2 trillion yen from 3.2 trillion yen, and commercial paper to 3.2 trillion yen from 2.2 trillion yen.

The Bank of Japan also confirmed its intention to buy Japanese government bonds of 80 trillion yen per year (over the past year, he bought them of about 14 trillion yen).

Japanese stock index Nikkei Stock Average also rose on Tuesday by 8%, showing the largest percentage increase since October 2008.

In a quiet market, with the growth of the Nikkei Stock Average, the pair USD / JPY also usually grows. Nevertheless, in the current rapidly changing situation, it is probably still better to focus on technical analysis and on the breakdown of the levels and / or boundaries of the range formed in the last days (between support / resistance levels of 109.70 / 111.70).

Support Levels: 110.50, 110.15, 109.70, 109.25, 108.85, 108.50

Resistance Levels: 111.70, 112.20, 113.10



Trading Scenarios


Buy Stop 111.80. Stop Loss 109.20. Take-Profit 112.20, 113.10, 114.00, 115.00

Sell Stop 109.20. Stop Loss 111.80. Take-Profit 109.00, 108.85, 108.50, 107.00, 106.50, 105.00, 104.00, 103.00, 102.00
*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
WTI: pessimism keeps prices at multi-year lows

26/03/2020


Oil quotes remain under pressure. The pessimism of the oil market participants associated with the price war among the largest oil producers, the coronavirus pandemic and the slowdown in the global economy, and as a result - a decrease in oil demand, is pushing oil prices towards new multi-year lows.

Having broken through the key support level of 57.00 (EMA200 on the daily and weekly charts) in January, the price of WTI crude oil rushed down, updating the record for falling in March. The 4-year low at the psychologically important support level of 26.00 also could not resist, and the price fell last week to record lows near the mark of $ 20.00 per barrel.

The decline in WTI crude oil over the past 3 months has been 78% to date. Last week, a new anti-record was broken when WTI oil quotes fell to around $ 20.05 per barrel.

On Thursday, oil market participants will follow an emergency G20 summit where statements can be made regarding the price war between major oil producers. Investors still hope that the price war between leading oil exporters, including the United States, Russia and Saudi Arabia, will end soon.

This is a positive factor for oil quotes.

At the same time, quarantine measures taken in connection with the coronavirus pandemic, according to economists, can lead to a decrease in April of global oil demand by 18.7 million barrels per day. Such a large-scale drop in demand can outweigh any reduction in oil production, including a possible freeze or restriction of OPEC production, oil market analysts say.

Currently, a strong negative impulse prevails, holding oil quotes near multi-year lows.

The first timid signal for purchases may be a breakdown of the resistance level of 26.00 (EMA200 on the 1-hour chart and the recent 4-year low). In case of further growth and after the breakdown of the resistance level of 30.80 (Fibonacci level 23.6% of the upward correction to the fall from this year's highs near 65.65 to the local minimum of 20.05), the price may go towards the level of 52.00, through which EMA200 on the daily chart is currently passing.

However, short positions are preferred, which are best entered at the rebound from the nearest resistance zone near the levels of 26.00, 27.00, 28.00, 29.00, 30.00.

Support Levels: 23.00, 22.00, 21.00, 20.00

Resistance Levels: 26.00, 28.10, 30.80, 37.40, 42.80, 44.00, 48.20, 50.30, 52.00



Trading Recommendations


Sell by market. Sell-Limit 26.00, 27.00, 28.00. Stop-Loss 28.50. Take-Profit 23.00, 22.00, 21.00, 20.00

Buy Stop 28.20. Stop-Loss 25.80. Take-Profit 30.80, 37.40, 42.80, 44.00, 48.20, 50.30, 52.00

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
EUR/USD: further growth of the dollar is likely

31/03/2020


At the beginning of today's European session, EUR / USD is traded near 1.0965, through which an important short-term support level is passing (ЕМА200 on the 1-hour chart). The break of this support level may lead to an acceleration of the EUR / USD decline.

According to preliminary official data released on Tuesday, in March the annual inflation rate in the Eurozone was 0.7% versus 1.2% in February. The target inflation rate set by the ECB is just below 2%.

At the same time, the indicator of the mood of companies and consumers in the Eurozone in March showed the largest one-month drop in the entire history of observations against the background of the proliferation and tightening of measures aimed at containing the pandemic of the coronavirus.

Economists' forecasts regarding the GDP of two competing economies (the US and the Eurozone) speak in favor of the American economy and, as a result, in favor of the US assets and the dollar (economists suggest that Eurozone GDP will decrease by 3.6% in 2020 due to the effects of coronavirus on the economy , while US GDP this year will also decline, but less than Eurozone GDP, by 2.9%).

At the same time, the uncertainty is still too high, and the growth prospects of the global economy remain under the influence of downward risks, which also supports the dollar as a safe haven.

Despite the fact that in the near future an avalanche of dollar liquidity will pour into the financial system of the world (after the announcement of extraordinary incentive measures by the Fed and the US government), the dollar continues to be in demand. In the near future, its further growth is most likely, including in the EUR / USD pair.

Support Levels: 1.0900, 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Resistance Levels: 1.0965, 1.1000, 1.1050, 1.1090, 1.1145



Trading Recommendations


Sell by market. Stop-Loss 1.1010. Take-Profit 1.0900, 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Buy Stop 1.1010. Stop-Loss 1.0960. Take-Profit 1.1050, 1.1090, 1.1145

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
USD/CAD: the resumption of the rally of the dollar is probably

01/04/2020


Despite new extraordinary measures to support the US economy taken by the Fed and the US government last week, the dollar is growing again at the start of a new week and month. On Wednesday, USD / CAD is trading at the start of the European session near 1.4250, above the important short-term support level of 1.4180 (200-period moving average on the 1-hour chart).

The coronavirus pandemic has not yet reached its peak in Europe, and in the United States it is gaining momentum, threatening to grow on an even larger scale. Moreover, the economic situation in other countries (outside the United States) with the largest economies is even worse than in the United States.

It is possible that panic sales of assets and risky assets will recur, which will contribute to the continuation of the dollar rally.

Last week, the Bank of Canada again unscheduled lowered its key interest rate by 0.50%, bringing it even closer to zero in order to mitigate the economic damage from the new coronavirus pandemic.

A press release from the central bank also said that the spread of coronavirus and a sharp drop in world oil prices in the aggregate are putting serious pressure on Canadians and the Canadian economy. The Bank of Canada also announced its intention to launch a quantitative easing program (QE) in the form of purchases of government bonds of Canada in the secondary market.

The QE program and a significant reduction in interest rates should help weaken CAD. CAD quotes are also under pressure from a sharp drop in oil prices.

Thus, despite the overbought, the growth of USD / CAD may resume. In case of breakdown of the local resistance level of 1.4350, USD / CAD growth is likely to continue towards the resistance levels of 1.4600, 1.4660 (annual and almost 17-year highs).

In an alternative scenario and in case of breakdown of the support level 1.4180 USD / CAD will go towards the support levels 1.3860 (ЕМА200 on the 4-hour chart), 1.3380 (ЕМА200 on the daily chart).

At the moment, a strong positive momentum is prevailing, making long positions preferable.

Support Levels: 1.4180, 1.3940, 1.3860, 1.3660, 1.3520, 1.3452, 1.3380, 1.3330, 1.3300

Resistance Levels: 1.4350, 1.4600, 1.4665, 1.4700



Trading Scenarios


Sell Stop 1.4170. Stop-Loss 1.4280. Take-Profit 1.4100, 1.3940, 1.3860, 1.3660, 1.3520, 1.3452, 1.3380, 1.3330, 1.3300

Buy Stop 1.4280. Stop-Loss 1.4170. Take-Profit 1.4350, 1.4600, 1.4665, 1.4700

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
EUR/USD: to the level of 1.0500 in the next 3 months?

02/04/2020


Over the past week, the EUR / USD has been growing, making an attempt last Friday to break through the important long-term resistance level of 1.1090 (ЕМА200 on the daily chart). However, a breakthrough did not work, and on Monday the decline in EUR / USD resumed.

Today, the EUR / USD pair is falling for the 4th day in a row, traded at the beginning of the European session near the level of 1.0925, below the resistance level of 1.1090.

In Europe, the situation around the negative impact of coronavirus on the economy is even worse than in the United States.

The current account surplus of the Eurozone balance of payments will provide some support to the euro. However, the growing political tensions and disagreements within the bloc may lower the EUR / USD to 1.0500 mark over the next 3 months, economists say. Will Eurozone leaders be able to resolve their differences over the economic response to the coronavirus pandemic? So, recently Germany and other countries of Northern Europe, members of the European Union, refused the proposal of Italy, France, Spain and six other countries of the Eurozone to issue joint bonds.

EUR / USD also remains below important short-term resistance levels of 1.1000 (ЕМА200 on the 4-hour chart), 1.0965 (ЕМА200 on the 1-hour chart), which speaks in favor of short positions.

Today, financial market participants will pay attention to the publication (at 12:30 GMT) of the US Department of Labor weekly report on the number of unemployment claims.

It is expected that the number of initial claims for unemployment benefits in the week of March 20 - 27 will be 3,500,000, which will be a new, from October 1982, anti-record.

The position of the dollar may suffer in the foreign exchange market, since extremely negative data from the US labor market will indicate a slowdown in the US economy, which may soon face the problem of not just recession, but also depression. According to a report presented last week, the number of initial claims for unemployment benefits amounted to 3,283,000. Economists attribute this to the coronavirus, which hit the US economy.

In an alternative scenario, the growth of EUR / USD into the zone above the resistance levels of 1.0965, 1.1000 will speak about the resumption of upward dynamics.

Support Levels: 1.0900, 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Resistance Levels: 1.0965, 1.1000, 1.1050, 1.1090, 1.1145



Trading Recommendations


Sell by market. Stop-Loss 1.1010. Take-Profit 1.0900, 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Buy Stop 1.1010. Stop-Loss 1.0960. Take-Profit 1.1050, 1.1090, 1.1145

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
Brent: price increases may be limited

03/04/2020


The news that major oil producers, including Saudi Arabia and Russia, on Monday will discuss the possibility of reducing production, has given new impetus to oil prices. Earlier Thursday, oil prices strengthened significantly after U.S. President Donald Trump tweeted that he expects Russia and Saudi Arabia to agree to reduce production by millions of barrels. After that, Brent prices jumped by 47%, but then went down, as the Kremlin said it was not negotiating with Saudi Arabia.

A little later, official sources in Saudi Arabia reported that the kingdom is ready to consider a significant reduction in production, if other G20 countries support it.

On Thursday, Brent crude rose 21% to $ 29.94, showing a record one-day increase since 1988, and on Friday its price has continued to rise.

If OPEC does not receive signals from US companies that they will also limit oil production, then the oil coalition and Russia will most likely not reduce production, which will lead to a resumption of price reductions.

But still, Russia may go for some reduction in production, as it is forced to do so. An unprecedented drop in demand due to coronavirus has led to the lack of demand for some oil shipments and to the rapid filling of storage facilities.

For technical reasons, Saudi Arabia and Russia may go for a slight decrease in production, but this is unlikely to greatly change the direction of the current trend of oil quotes. And it is downward at the moment. There are simply no buyers for the current volume of oil supply.

Today, the oversupply is approximately 20 million barrels of oil per day. Oil storages are overcrowded, while gas and diesel consumption has declined.

In the current situation of the prevalence of supply over demand, Brent oil prices may soon fall below the recent 18-year low and test the strength of $ 10 per barrel.

Meanwhile, from a technical point of view, there may still be some increase in the price of Brent crude oil to resistance levels near 36.50 (EMA200 on the 4-hour chart) and even 40.00 (local maximum).

The price broke through an important short-term resistance level of 26.70 (ЕМА200 on the 1-hour chart), and technical indicators on the 1-hour, 4-hour, daily charts turned to the long positions.

But only a breakdown of the key resistance level 56.00 (EMA200 on the daily chart) will resume the bullish trend. Below this level of resistance, long-term negative dynamics prevail.

If the decline resumes, then after returning to the zone below the level of 26.70, the price will go towards annual and long-term lows near the level of 22.60, and possibly even lower.

Support Levels: 27.10, 26.70, 22.60

Resistance Levels: 32.00, 36.50, 40.00, 46.00, 50.00, 53.50, 56.00, 56.90, 60.00, 61.00



Trading Recommendations


Sell Stop 27.70. Stop-Loss 32.10. Take-Profit 27.10, 26.70, 22.60, 21.00, 20.00

Buy Stop 32.10. Stop-Loss 27.70. Take-Profit 36.50, 40.00, 46.00, 50.00, 53.50, 56.00

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
WTI: negative dynamics

06/04/2020


Despite the opening of today's trading day with the gap down (due to the fact that the OPEC+ teleconference was postponed to Thursday), during the Asian session, oil prices rose again. At the beginning of today's European session, WTI crude oil is traded near 27.00 mark.

OPEC+ was expected to resume consultations as early as Monday to consider the possibility of a coordinated reduction in production by 10 million barrels per day. OPEC also hoped that the United States would join the teleconference, however, the event was postponed for four days amid some disagreement between Saudi Arabia and Russia, and also because of the US’s unwillingness to decide on its own production cuts.

Now the Organization of Petroleum Exporting Countries (OPEC) will convene in a virtual meeting on Thursday with the participation of several other oil producing countries, including Canada and Russia. Negotiations are expected to mark the end of the price war between Saudi Arabia and Russia, which led to a record collapse in oil prices over the past 30 days.

Oil market participants are optimistic about the outcome of this teleconference, even if they are more modest than a 10 million barrels a day reduction in oil, as Russian President Putin said last week.

From a technical point of view, the first signal for purchases (breakdown of the resistance level of 22.50 - ЕМА200 on the 1-hour chart) worked.

If the growth continues, the immediate targets will be the resistance levels 28.90 (local maximum and ЕМА144 on the 4-hour chart), 30.80 (Fibonacci level 23.6% of the upward correction to the fall from this year's highs near 65.65 to the local minimum 20.05), 32.30 (ЕМА200 on the 4-hour chart).

However, long-term purchases of oil futures should still be abstained. A coronavirus pandemic and a slowdown in the global economy will put pressure on oil prices in the long run for at least several weeks, or even months.

So far, a strong negative momentum prevails, holding oil quotes near multi-year lows.

Support Levels: 26.00, 23.80, 22.50, 22.00, 21.00, 20.05

Resistance Levels: 28.10, 28.90, 30.80, 32.30, 37.40, 42.80, 44.00, 48.20, 50.00, 52.00



Trading Recommendations


Sell by market. Stop-Loss 29.10. Take-Profit 26.00, 23.80, 22.50, 22.00, 21.00, 20.05

Buy Stop 29.10. Stop-Loss 25.80. Take-Profit 28.90, 30.80, 32.30, 37.40, 42.80, 44.00, 48.20, 50.00

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
AUD/USD: significant uncertainty remains

07/04/2020


Having broken through the important short-term resistance level of 0.6070 (ЕМА200 on the 1-hour chart), AUD / USD is growing again today.

The pair is developing an upward correction, striving for resistance levels of 0.6232 (EMA200 on the 4-hour chart), 0.6300 (the upper border of the downward channel and EMA50 on the daily chart).

The growth of AUD quotes, as well as the growth of other commodity currencies, is facilitated by the growth of world stock indices and commodity prices. Indices, in turn, are rising thanks to the first signs that quarantine measures around the world are helping to curb the coronavirus pandemic, and also due to expectations of rising oil prices if this week the largest oil producers, including Saudi Arabia, the US and Russia, will come to an agreement to reduce oil production.

However, caution should be exercised in this regard. The peak of the coronavirus pandemic has not yet been passed, and the world's largest oil suppliers may not come to an agreement to reduce production.

At any moment, the upward correction of commodity currencies, including AUD, may break and be replaced by their decline.

“Substantial uncertainty remains regarding the short-term prospects of the Australian economy. In April-June, a very strong reduction in GDP is expected, as well as unemployment growth to a multi-year maximum”, said RBA managing director Philip Lowe after the central bank on Tuesday kept the current monetary policy unchanged. The pandemic dealt a painful blow to the country's economy, paralyzing the tourism and education segments and causing a sharp decline in consumer spending.

“The board will not raise rates until there is progress in ensuring full employment and there is confidence in stabilizing inflation in the target range of 2% - 3%,” Lowe added, and this is a negative factor for AUD.

AUD / USD purchases can only be short-lived, while the pair is trading above the support level of 0.6070, with targets at resistance levels of 0.6232 (EMA200 on the 4-hour chart), 0.6300 (upper border of the downward channel and EMA50 on the daily chart).

Below the resistance levels of 0.6670 (ЕМА200 on the daily chart), 0.6590 (ЕМА144 on the daily chart) the long-term negative dynamics of AUD / USD still prevails.

The breakdown of the support level of 0.6070 will resume the downward trend of AUD / USD and once again make short positions relevant with targets at local support levels of 0.5975, 0.5665, 0.5510 (the recent almost 18-year low and the Fibonacci level 0% of the correction to the decline wave, which began in July 2014 from the mark of 0.9500).

Support Levels: 0.6070, 0.5975, 0.5665, 0.5510

Resistance Levels: 0.6232, 0.6300, 0.6460, 0.6590, 0.6670



Trading Recommendations


Sell Stop 0.6130. Stop-Loss 0.6210. Take-Profit 0.6100, 0.6070, 0.5975, 0.5665, 0.5510

Buy Stop 0.6210. Stop-Loss 0.6130. Take-Profit 0.6232, 0.6300, 0.6460, 0.6590, 0.6670

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
EUR/USD: short positions are preferred

04/08/2020


After rising on Tuesday (amid a weakening dollar), today the EUR / USD is again falling, remaining below the important long-term resistance level of 1.1075 (EMA200 on the daily chart).

EUR / USD also remains below important short-term resistance levels of 1.0965 (ЕМА200 on the 4-hour chart), 1.0890 (ЕМА200 on the 1-hour chart), which speaks in favor of short positions.

Technical analysis and fundamental background speak in favor of sales of EUR / USD.

Last month, the European Central Bank refrained from lowering the key interest rate, which is already at -0.5%, but announced cheap loans for banks and the purchase of a wide range of bonds to mitigate the economic shocks caused by the coronavirus. The program, which currently makes purchases of European government bonds by 20 billion euros per month, will be increased by 120 billion euros by the end of the year. At the same time, the ECB has less and less room for maneuver in comparison with other central banks, and the attitude of investors towards the prospects of European assets and the euro remains restrained-negative.

Goldman Sachs economists expect Eurozone GDP to decline by 9% in 2020 due to coronavirus. Their pessimistic scenario suggests more significant losses and a 16% reduction in GDP.

This is much higher than the expected loss of GDP in the United States, which provides additional benefits to American assets compared to European ones.

At the same time, the dollar will continue to receive support as a protective asset.

Among investors, there is growing confidence that the countries that are members of the OPEC+ coalition, following the meeting on Thursday, will not be able to agree on a further reduction in production. The oil market continues to be a strong driver for the stock market. Therefore, US and global stock indices may again come under pressure and resume decline if OPEC cannot decide to limit oil production.

Thus, it is logical to expect a further decline in the EUR / USD.

In an alternative scenario and in case of EUR / USD growth into the zone above the resistance level of 1.0965, we can expect the development of an upward scenario up to the resistance level of 1.1075. However, in the current situation and below the resistance level of 1.0890, short positions remain preferred.

From the news today, financial market participants will follow the publication (at 18:00 GMT) of the minutes from the last FOMC meeting of the Fed, and tomorrow - the publication (at 11:30 GMT) of the minutes from the March meeting of the ECB.

Support Levels: 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Resistance Levels: 1.0965, 1.1000, 1.1040, 1.1075, 1.1145



Trading Recommendations


Sell by market. Stop-Loss 1.0930. Take-Profit 1.0830, 1.0785, 1.0655, 1.0600, 1.0580, 1.0530

Buy Stop 1.0930. Stop-Loss 1.0825. Take-Profit 1.0965, 1.1000, 1.1040, 1.1075

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*) For up-to-date and detailed analytics and news on the forex market visit Tifia Forex Broker website tifia.com
 
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