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  1. Trina
  2. Currency (Forex) Trading
  3. Friday, 29 March 2019
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The EUR/USD currency pair
Technical indicators of the currency pair:

Prev Open: 1.12038
Open: 1.12038
% chg. over the last day: +0.36
Day's range: 1.12318 – 1.12476
52 wk range: 1.1214 – 1.2557

EUR keeps recovering against the USD. Yesterday the currency pair updated the local minimums. Hopes for a coming resolution of the US/China conflict have cause the risky assets' value to grow. According to Financial Times, Washington and Beijing are close to singing the final trade agreement. USD is under pressure due to weak business activity reports in the non-industrial sector, as well as the labour market reports. Right now the quotes are consolidating around 1.12200-1.12500. You should open positions from these levels. EUR/USD has a currency to rescend.

The Economic News Feed for 04.04.2019:

- ECB protocol publication regarding monetary policy (EU) – 14:30 (GMT+3:00);
- Primary Unemployment Benefits Requests (US) – 15:30 (GMT+3:00);

The indicators do not provide precise signals, the price fixed between 50 MA and 200 MA.

The MACD histogram is in the positive zone but below the signal line which gives a weak signal to buy EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.
Trading recommendations

Support levels: 1.12200, 1.11850, 1.11500
Resistance levels: 1.12500, 1.12800, 1.13250

If the price fixes above 1.12500, expect the quotes to fall toward 1.12800-1.13200.

Alternatively, the quotes can fall toward 1.12000-1.11700.
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