Technical Analysis

EUR Technical Evaluation Overview: EURUSD, EURJPY, EURGBP

EUR Evaluation and Speaking Factors

EURUSD | Contained Worth Motion Prone to Persist

EURJPY | Key Fib Help Continues to Maintain

EURGBP | Upside Correction But to Be Confirmed

EURUSD | Contained Worth Motion Prone to Persist

Vary buying and selling for EURUSD more likely to persist amid the low volatility seen within the pair. Alongside this, whereas momentum indicators stay bearish, development alerts nonetheless, are comparatively weak. Consequently, this implies a scarcity of excessive conviction within the bearish sentiment and thus value stays considerably contained. Help within the near-term stay located at 1.1230-50, whereas topside resistance from 1.1375-80 might cap any rallies within the pair.

EURUSD PRICE CHART: Every day Time Body (Jan 2018 – Mar 2019)

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Chart by IG

EURJPY | Key Fib Help Continues to Maintain

A modest pullback since reaching overbought territory in EURJPY, which in flip sees the cross holding key help at 126.18 (50% Fibonacci retracement). As such, with bullish momentum indicators easing, eyes are on for a closing break beneath the important thing fib help, which might see EURJPY lengthen a transfer in direction of the 125.00 deal with. Topside resistance is located at 126.70 (100DMA) earlier than the March 1st excessive at 127.50.

EURJPY PRICE CHART: Every day Time Body (Feb 2017– Mar 2019)

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Chart by IG

EURGBP | Upside Correction But to Be Confirmed

Marginal positive aspects for EURGBP because it edges above the zero.8600 deal with. The bullish divergence shaped on Feb 27th has eased the damaging momentum within the cross. Nevertheless, eyes will probably be on for the RSI to maneuver above 50-54 to substantiate a corrective transfer to the upside within the cross. Consequently, topside resistance at zero.8670 (23.6% Fibonacci retracement) and the zero.8700 is in focus.

EURGBP PRICE CHART: Every day Time Body (Nov 2018 – Mar 2019)

EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP

Chart by IG

— Written by Justin McQueen, Market Analyst

To contact Justin, e-mail him at Justin.mcqueen@ig.com

Comply with Justin on Twitter @JMcQueenFX


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