4h
Quoting quotes from this level allows traders to expect a reversal in favor of the American currency and a slight drop towards the level of 1.1269. The ripening divergences on February 20 are not observed in any indicator. Fixing the pair's rate above the Fibo level of 23.6% will work in favor of continuing growth in the direction of the next correction level of 38.2% - 1.1446.
The Fibo grid was built on extremums from September 24, 2018, and November 12, 2018.
Daily
On the 24-hour chart, the pair rebounded from the correction level of 127.2% - 1.1285 with a turn in favor of the EU currency and began the process of growth in the direction of the correction level of 100.0% - 1.1553. None of the indicators have maturing divergences on the current chart. Fixing quotations below the Fibo level of 127.2% can be interpreted as a reversal in favor of the US dollar and expect a resumption of a fall in the direction of the correction level of 161.8% - 1.0941.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders
New purchases of the EUR / USD pair will be possible with the goal of 1.1446 if the pair closes above the level of 1.1358 and a Stop Loss order below the level of 23.6%.
Sales of the EUR / USD pair can be carried out now with the target of 1.1269, since it was canceled from the 23.6% correction level, with a Stop Loss order above the level of 1.1358.
