empty
 
 
30.03.2023 01:26 PM
Analysis and trading tips for EUR/USD and GBP/USD on March 30 (US session)

Euro continued to rise even though the macroeconomic calendar of the eurozone was empty this morning. GBP/USD also traded upwards, confidently reaching the monthly high. But this afternoon, there is a chance that the market will turn bearish, as the upcoming report on Germany's inflation and US labor market may spoil the mood of buyers. There will also be statements from FOMC member Neel Kashkari and Treasury Secretary Janet Yellen, which will most likely be about the future interest rate policy. The former may speak in favor of dollar, but the latter may weaken it, which will lead to a new surge in EUR/USD and GBP/USD.

EUR/USD

This image is no longer relevant

For long positions:

Buy euro when the quote reaches 1.0895 (green line on the chart) and take profit at the price of 1.0932.

Euro can also be bought at 1.0860, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0895 and 1.0932.

For short positions:

Sell euro when the quote reaches 1.0860 (red line on the chart) and take profit at the price of 1.0823.

Euro can also be sold at 1.0895, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0860 and 1.0823.

GBP/USD

This image is no longer relevant

For long positions:

Buy pound when the quote reaches 1.2352 (green line on the chart) and take profit at the price of 1.2390 (thicker green line on the chart).

Pound can also be bought at 1.2334, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2352 and 1.2390.

For short positions:

Sell pound when the quote reaches 1.2334 (red line on the chart) and take profit at the price of 1.2303.

Pound can also be sold at 1.2352, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2334 and 1.2303.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback