Thread: Instaforex Analysis
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09-03-21, 07:26 #1Veteran Member Just starting here
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Forex Analysis & Reviews: Forecast for EUR/USD on March 9, 2021
EUR/USD Yesterday, the euro decided to go down from its local price channel. Now the following target levels are ahead: 1.1800 (low of November 23, 2020), 1.1745 (low of November 11), 1.1688-1.1700. The main target is the last one- the 1.1688-1.1700 range, which is referenced by the low on October 15, 2020.
The price divergence with the oscillator develops on the four-hour scale, but if it is not broken today, then only a nominal correction is expected, to the lower border of the price channel, from which the price left yesterday (1.1880).
Analysis are provided by InstaForex
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