March will begin with a downward movement and with the first goal, 1.1186 - a rolling back level of 61.8% (yellow dashed line).
Fig. 2 (monthly schedule).
Comprehensive analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis is neutral;
- trend analysis - down;
- Bollinger lines - down;
Conclusion of the complex analysis: Most likely, the lower will work.
The total result of the calculation of the EUR / USD currency pair candle on a monthly schedule:
The material has been provided by InstaForex Company - www.instaforex.com
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