Trading recommendations for the EUR / USD pair - placement of trading orders on March 28

The Euro/Dollar currency pair showed low volatility of 43 points for the past trading day, as a result of continuing downward movement. From the point of view of technical analysis, we have a further downward movement, where the quotation closely approached the periodic level of 1.1230, on the area where clusters were repeatedly noted. Information and news background developed at the controversial long-playing Brexit. Yesterday, the British Parliament once again held a vote and there were eight votes on alternative options for the secession of the country from the EU. The only thing that was agreed upon was the consolidation of new dates for leaving the European Union in legislation is either without a deal on April 12 or on May 22. A complete dead end, otherwise, it is impossible to identify it. In turn, Prime Minister Theresa May said that it will once again put to the vote all the same agreement for consideration by the House of Commons on March 29. I note that on Friday, March 29, is the last day for making a decision. Otherwise, it's hard Brexit.

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In terms of today's economic calendar, we have the final data on the United States GDP for the fourth quarter, where a significant slowdown in economic growth from 3.4% to 2.4% is expected.

Further development:

Analyzing the current trading schedule, we can see forming versatile candles, such as doji, within the level of 1.1230. It is likely to assume that the descending interest will continue against the general background, but today, bad statistics are coming out of the States as mentioned above. Moreover, it can play in favor of strengthening the euro, forming a rollback and level testing.

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Based on the available data, it is possible to deduct a number of variations, let's consider them:

- We consider buying positions in the case of price fixing higher than 1.1270 with the target at 1.1290-1.1300.

- We consider selling positions in the case of price fixing lower than 1.1230 with the target at 1.1180.

Indicator Analysis

Analyzing a different sector of timeframes (TF), we can see that in the short term there is an upward interest against the background of stagnation and attempts to refine the level. Intraday and mid-term outlook preserve the downward interest against the general background of the market.

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Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation, with the calculation for the Month / Quarter / Year.

(March 28 was based on the time of publication of the article)

The current time volatility is 27 points. It is likely that we will still see an increase in volatility by the end of the working day due to the news background.

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Key levels

Zones of resistance: 1.1300 **; 1.1440; 1.1550; 1.1650 *; 1.1720 **; 1.1850 **; 1.2100

Support areas: 1.1230 *; 1.1180; 1.1000

* Periodic level

** Range Level

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