EURUSD#3--->Time to sell:

€ / $

#Technical_analysis and #Orders

Good day, dear #investors and colleagues #traders!

Your attention a technical analysis of the currency pair #Eurusd:

#Comment for last week:

The paragraph above (+ 2.35%) relative to the previous close of the week. The dollar was literally knocked out by an unexpected, unplanned Fed interest rate cut.

Many market participants note that the Fed is strengthening its pigeon position on March 18 and further reduced the rate by 0.25%.

We have relied on further actions that will look that gave a preemptive strike.

Meanwhile, the #ECB, on the contrary, can take over the relay race it started from the Fed. Despite the fact that the ECB rate is at a minimum level of 0%, we can all see unprecedented measures, and the bank will be able to enter the negative funding zone. The basis of the export-oriented economy of the eurozone is Germany.
In addition, it is important that the EU does not agree with such a competitive advantage as a weak dollar.

An important factor for understanding further actions from the Fed
- Salary growth: + 3%;
- Job growth in the economy: 273,000;
- unemployment rate: 3.5%;

All major macroeconomic indicators showed that the Chinese economy received a strong blow from #coronavirus.

We believe that the US economy may even overheat the US economy through risk.

#Technical analysis:

Globally (D1):

The euro has overcome the downtrend, which has been in force since August 18, 1.12. Therefore, we have the opportunity to get further development.
The next such goal is a direct level of 1.1453 (38.2%).

Locally (H1-H4):

The rising pair continues to be in the rising channel.

By tradition, we call the weekly support and resistance zones:

A) Support: 1.1094, 1.0899 & 1.0770;
B) Resistance: 1.1418, 1.1549 & 1.1744;

#Orders_and_position:

- Leading indicators: Current prices tell us about extreme overbought.

- Indicator of price behavior: this means that the moment of opening control transactions has not even come.

#Deal: Potential sales.

We will look for potential points in sales.
Caution, prices must change.

!The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers.

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”

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