empty
 
 
05.03.2021 06:00 AM
Forecast for EUR/USD on March 5, 2021

EUR/USD

Yesterday, the euro (more precisely, the dollar) launched a decisive attack on bearish targets; the price reached the first one (1.1948) this morning, the next ones are not very far away: 1.1915 and 1.1865/81, the upper border of which is determined by the lower border of the local descending channel, and coincides with the October 21, 2020 high, and the lower border at the highs of certain dates on October. After getting the price to settle under 1.1865, we are waiting for the euro to reach 1.1760.

This image is no longer relevant

The Marlin oscillator began to show a reversal when the price approached the level of 1.1948 on the four-hour chart. We do not expect a full-fledged convergence, since today's report on employment in the US and the like can put even more pressure on the European currency, but this is a sign that traders will not be active until the evening.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback