Forecast for EUR / USD for March 22, 2019

EUR / USD

Yesterday, the EU summit on postponing the date of launching the process of Britain's withdrawal from the EU was held. The postponement was adopted with a new date on May 22, but under the condition that until March 29, the British parliament should adopt the May-EU Agreement, which had been already rejected twice. Otherwise, the 29th of May will be Brexit without a deal. The euro fell by 50 points, reaching the accumulation zone of 1.1324 / 60, but then came out of it, finding support from the balance line of the four-hour scale. The signal line of the Marlin oscillator went into the zone of negative values, which completed the formation of a bearish divergence on H4 and strengthened the potential for a downward reversal of the price. To do this, the price needs to consolidate under the range of 1.1324 / 60, which will automatically mean that the price goes below the Krusenstern line on H4 and below the daily price channel line (1.1328).

analytics5c9469945db27.png

analytics5c9469aa1a7d1.png

The material has been provided by InstaForex Company - www.instaforex.com