empty
23.03.2023 12:20 PM
Analysis and trading tips for EUR/USD and GBP/USD on March 23 (US session)

Growth in euro is slowing as buying activity started to weaken after the pair updated the March high. In addition, yesterday's momentum could very quickly turn into a smooth decline today, especially after economic reports from the US come out. A decline in initial jobless claims and a rise in primary market housing sales will be enough to put pressure on the pair.

On pound, market players await the Bank of England's monetary policy decision, so the chances of seeing new gains are quite high. It is better to wait for the bank's comments, and in case of a break of the monthly highs, open a buy position, hoping for a continuation of the upward trend.

EUR/USD

This image is no longer relevant

For long positions:

Buy euro when the quote reaches 1.0902 (green line on the chart) and take profit at the price of 1.0945.

Euro can also be bought at 1.0860, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0902 and 1.0945.

For short positions:

Sell euro when the quote reaches 1.0860 (red line on the chart) and take profit at the price of 1.0813.

Euro can also be sold at 1.0902, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0860 and 1.0813.

GBP/USD

This image is no longer relevant

For long positions:

Buy pound when the quote reaches 1.2323 (green line on the chart) and take profit at the price of 1.2376 (thicker green line on the chart).

Pound can also be bought at 1.2286, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2323 and 1.2376.

For short positions:

Sell pound when the quote reaches 1.2286 (red line on the chart) and take profit at the price of 1.2235.

Pound can also be sold at 1.2323, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2286 and 1.2235.

Jakub Novak,
Chuyên gia phân tích của InstaForex
© 2007-2025
Chọn khung thời gian
5
phút
15
phút
30
phút
1
giờ
4
ngày
1
ngày
1
tuần
Kiếm lợi nhuận từ những biến đổi giá của tiền điện tử với InstaForex.
Tải MetaTrader 4 và mở giao dịch đầu tiên của bạn.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI

Các bài báo được đề xuất

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.
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.