empty
30.03.2021 12:20 PM
Review of the EUR/USD pair on March 30, 2021

This image is no longer relevant

EUR/USD:

The Euro currency cannot manage to break through the level of 1.1760 for quite some time, but it finally did it this morning.

The target is the minimum of 1.1600 from November.

It is quite clear why the euro made a downward movement. The particular reason lies in Europe's third wave of COVID-19, associated with new lockdowns. As a result of this, there is a stagnant economy. Moreover, the vaccination process is not doing well.

On the contrary, vaccinations in the United States are ahead of schedule, which is leading to the growth of the economy.

We keep selling from the level of 1.1870.

It is not possible to buy yet, as there is no correct level.

If the euro draws a strong rebound to the top and forms the correct level for the four-hour chart, then buying can be considered.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for GOLD (XAU/USD) for July 23-25, 2024: buy above $2,389 (rebound - 5/8 Murray)

Gold is trading around 2,402.86 below the downtrend channel formed since July 17 and within the uptrend channel formed after reaching the low of 2,384. Gold remains under bearish pressure

Dimitrios Zappas 17:01 2024-07-23 UTC+2

GBP/USD: trading tips for beginners for the European session on June 25

The price test of 1.2672 occurred when the MACD indicator was just starting to rise from the zero mark, which confirmed the correct entry point to buy the pound

Jakub Novak 09:11 2024-06-25 UTC+2

Analysis and trading tips for GBP/USD on April 15

Analysis of transactions and tips for trading GBP/USD Further decline became limited because the test of 1.2477 took place at a time when the MACD line moved downward quite strongly

Jakub Novak 09:10 2024-04-15 UTC+2

Weekly review on GBP/USD on November 26-30, 2023

The current price is set at the level of 1.2423 that acts as a daily pivot point seen at 1.2434. Equally important, the price is in a bullish channel. According

Mourad El Keddani 18:57 2023-11-26 UTC+2

Weekly review on EUR/USD on November 26-30, 2023

The trend of EUR/USD pair movement was controversial as it took place in the downtrend channel. Due to the previous events, the price is still set between the levels

Mourad El Keddani 18:45 2023-11-26 UTC+2

Weekly review on GBP/USD on November 20-24, 2023

The trend of GBP/USD pair movement was controversial as it took place in the downtrend channel. Due to the previous events, the price is still set between the levels

Mourad El Keddani 19:45 2023-11-20 UTC+2

Weekly review on EUR/USD on November 20-24, 2023

A trend in the EUR/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price

Mourad El Keddani 19:34 2023-11-20 UTC+2

Weekly review on GBP/USD on November 11, 2023

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for

Mourad El Keddani 19:48 2023-11-11 UTC+2

Weekly review on EUR/USD on November 11, 2023

The trend of EUR/USD pair movement was controversial as it took place in the downtrend channel. Due to the previous events, the price is still set between the levels

Mourad El Keddani 19:41 2023-11-11 UTC+2

Weekly review on EUR/USD for October 30-31, 2023

The EUR/USD pair hit the weekly pivot point and resistance 1, because of the series of relatively equal highs and equal lows. But, the pair has risen down in order

Mourad El Keddani 22:52 2023-10-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.