4h
The currency pair EUR / USD on the 4-hour chart completed the fall to the level of 1.1269 and failed to close under it. Thus, it is possible to rebound quotes from this level with the pair reversal in favor of the European currency and some growth in the direction of the correction level of 23.6% - 1.1358. The ripening divergence on February 12 is not observed. Closing the course of the pair below the level of 1.1269 will increase the chances of the pair to further fall towards the next correction level of 0.0% - 1.1219.
The Fibo grid was built on extremums from September 24, 2018, and November 12, 2018.
Daily
On the 24-hour chart, the pair performed a fall to the Fibo level of 127.2% - 1.1285. Breaking quotes from this level will allow us to expect a turn in favor of the euro currency and some growth in the direction of the correction level of 100.0% - 1.1553. Fixing the pair below the Fibo level of 127.2% will work in favor of continuing the fall in the direction of the next correction level of 161.8% - 1.0941. There are no ripening divergences today.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders:
Purchases of the EUR / USD pair will be possible with the goal of 1.1358 if the pair disconnects from the level of 1.1269, and a Stop Loss order at 1.1269.
New sales of the EUR / USD pair will be possible with the goal of 1.1219 if the pair closes below 1.1269, and a Stop Loss order above 1.1269.
