Overview of Forex market in 11.03.2020

Hello. Many pairs started the expected correction after a good movement. Below view of what you should pay attention when trading in the Forex market on 11.03.2020


EURUSD reversed to the level of 1.1500 and the formed pattern of Absorption. looks like the price went into a correction after prolonged growth. In the current situation ustanoviti fall in the area of 1.1200 level -1,1100. Where I will seek to purchase. In the statistics of transactions shows that are already gaining sellers, for whose account it will be possible to continue the growth.


USDCHF at the same situation from a level of support 0,92500. Here, the preponderance of buyers are already very good, and perhaps finish the correction in the district level 0,95500. In this area, and will look for sale. Buy here do not consider, as they are against the trend.


GBPUSD after yesterday’s Doji pattern, went to the correction is lower than expected. In the statistics of trades, not see the obvious mood of market participants. Look at the current levels to purchases with the expectation of continued growth. But I do not exclude that to go back down a bit in the area of 1.2800 barriers.

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