empty
 
 
29.03.2024 07:04 AM
Forecast for EUR/USD on March 29, 2024

EUR/USD

Yesterday was a good day for the dollar: the final estimate of the US GDP for the fourth quarter was revised upwards from 3.2% y/y to 3.4% y/y, while the UK GDP contracted by 0.3%, and retail sales in Germany decreased by 1.9%. Today, markets in Europe, the US, and Canada are closed for a holiday, which will contribute to the lackluster price action. From a technical perspective, this allows the price to consolidate below the level of 1.0796 on the daily chart, even if the pair ends the day with gains, it wouldn't even exceed 7 pips. In fact, the target of 1.0724 is already open. The second target is 1.0632.

This image is no longer relevant

An alternative scenario will unfold if the price consolidates above 1.0796 next week. In this case, the current price dip below the level will be considered a false move, and the pair will be on track to rise to 1.0905. The Marlin oscillator does not yet suggest a possible upward reversal.

This image is no longer relevant

On the 4-hour chart, the price has already consolidated below the level of 1.0796. The Marlin oscillator is declining in the downtrend territory. The price still hasn't managed to rise above the balance indicator line. The downtrend remains intact.

Despite the holiday, Federal Reserve Chief Jerome Powell is scheduled to speak about monetary policy in San Francisco.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback