Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurusd:
*Comment_to_past_week:
The currency pair still managed to stop the series of falls and end the week, albeit in a small, but still a plus. +17 points compared to last week closing and 0.15% increase.
Throughout the week, the couple felt the pressure of strong US data that constantly tried to close the euro below 1.08. Investors for a very long time perceived the situation with coronavirus in #China as an exceptional negative for #Europe.
However, it was on Friday that leading indicators in the services and industrial production sectors came out: #PMI #USA and #PMI #Eurozone. And it was here that investors were made clear that commodity-led chains affect the United States more than Europe.
*Technical analysis:
The pair exited the 3-week #down_trend and is now trying to develop a corrective movement.
The asset also continues to consolidate near an important technical resistance level in the region of 1.0860, which is also technical resistance according to the #Fibonacci theory (23.6%) of the movement from February 3 to February 20.
The next important resistance zone is located at 1.09 and 1.0940.
By tradition, we call the weekly support and resistance zones:
A) #Support: 1.0795, 1.0743 and 1.0709.
B) #Resistance: 1.0881, 1.0914 and 1.0966.
*Orders_and_position:
Our indirect management fund continues to hold positions in the purchase of the single European currency from 1.0803 with #takeprofit 1.0940 and #stoploss 1.0750.
(!Attention, these are preliminary price levels and we reserve the right to change them in our trading).
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair #Eurusd:
*Comment_to_past_week:
The currency pair still managed to stop the series of falls and end the week, albeit in a small, but still a plus. +17 points compared to last week closing and 0.15% increase.
Throughout the week, the couple felt the pressure of strong US data that constantly tried to close the euro below 1.08. Investors for a very long time perceived the situation with coronavirus in #China as an exceptional negative for #Europe.
However, it was on Friday that leading indicators in the services and industrial production sectors came out: #PMI #USA and #PMI #Eurozone. And it was here that investors were made clear that commodity-led chains affect the United States more than Europe.
*Technical analysis:
The pair exited the 3-week #down_trend and is now trying to develop a corrective movement.
The asset also continues to consolidate near an important technical resistance level in the region of 1.0860, which is also technical resistance according to the #Fibonacci theory (23.6%) of the movement from February 3 to February 20.
The next important resistance zone is located at 1.09 and 1.0940.
By tradition, we call the weekly support and resistance zones:
A) #Support: 1.0795, 1.0743 and 1.0709.
B) #Resistance: 1.0881, 1.0914 and 1.0966.
*Orders_and_position:
Our indirect management fund continues to hold positions in the purchase of the single European currency from 1.0803 with #takeprofit 1.0940 and #stoploss 1.0750.
(!Attention, these are preliminary price levels and we reserve the right to change them in our trading).
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
