euro dollar 03.27.20

Euro Dollar forecast today Eur Usd Forex forecasts

Euro Dollar forecast today Eur Usd Forex forecasts have been developed through the technique of  the American economist W.D. Gann.

Euro Dollar forecasts short term

As widely described in the previous articles, last year the prices dynamics of Euro Dollar has been characterized by a negative laterality.

In the last months of 2019 and in the first of 2020 we have assisted to the tries of Euro to break descending angular resistances: starting from 1X2 descending angle who has been for a long time a strong obstacle to the positive recovery. This resistance has been finally broken in June 2019.

Then, the descending vectors, yellow colored in the slide just above, has transformed themselves in supports for all the period between July and October of the last year.

The following recovery of the end of the year has been blocked by 1X4 descending angular resistances, represented by purple vectors. These resistances has been broken upward just during the signal in expiration at March 2020.

The last week we have assisted to the return to the weakness of Euro, who has reached a new annual minimum at level 1,0636.

The bearish infraction of 1,0970 has confirmed the short term negativity.

If you want more details on supports and short term resistances, watch the video just below.

Eur Usd Forex forecast medium term

As it’s clearly visible in the photo just above, 1X8 ascending angle (blue colored) has given its support to Euro the last October. In that month expired an important temporal signal and the currency tried to re-establish a new ascending phase.

Despite that try was failed in February, during the monthly Set Up Minimum Square of March 2020 Euro Dollar market has tried at first a new positive acceleration and then has shown a wide negative retracement who has created a bearish out-side.

Quotations have reached the last weak obstacle, that is 1X6 ascending angle. Further supports are at level 1,06.

The signal of March will end at the end of this week. Only in that moment it will be possible to comment further if the negative trend will become more stronger or if this signal will represent a new very conflicted start-up.

Euro Dollar analysis and forecasts have been developed thanks to Top Trader Software© available for free on this blog.