empty
09.03.2022 08:53 AM
Trading plan for EUR/USD on March 9, 2022

A strong downward momentum on the EURUSD pair has been going on for a long time. The question arises, what correction levels can be expected to sell this pair?

The first significant resistance is the Weekly Control Zone 1.1017-1.1.0998. While the pair is trading below this zone, it is necessary to concentrate on finding a pattern to sell the instrument. A test of the specified zone will give the most favorable prices for entering a short position. Due to the strong pressure of the current situation, a reversal bearish pattern may form after a false breakout of yesterday's high.

This image is no longer relevant

It is important to understand that such a strong bearish momentum cannot be broken in a short time and the transition to a new phase will take quite a long time. This may take one to three months. In this regard, the search for purchases at this stage is not profitable.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Sergey Mityukov
Start trade
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

Recommended Stories

Trading Recommendations and Trade Breakdown for GBP/USD on August 26. Pound Set for New Growth

The GBP/USD currency pair traded sideways for almost the entire day yesterday. As expected, it was a "quiet Monday." The price made only a minimal correction toward the Senkou Span

Paolo Greco 04:21 2025-08-26 UTC+2

Trading Recommendations and Trade Breakdown for EUR/USD on August 26. Correction Monday

On Monday, the EUR/USD currency pair underwent only a minimal correction, with very low volatility. This is not surprising, and we had warned about it. There were no significant events

Paolo Greco 04:21 2025-08-26 UTC+2

How to Trade the GBP/USD Pair on August 25? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD On Friday, the GBP/USD pair also ended its downward movement, which was merely a technical correction. After Jerome Powell's speech, which contained

Paolo Greco 06:52 2025-08-25 UTC+2

How to Trade the EUR/USD Pair on August 25? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair made a sharp "surge," turning the trend upward. The market had been waiting all week

Paolo Greco 06:52 2025-08-25 UTC+2

Trading Recommendations and Trade Breakdown for GBP/USD on August 25. Powell Says Hello to the Dollar

The GBP/USD pair sharply ended its downward correction and began forming a new uptrend. Naturally, such a steep drop in the U.S. dollar was linked to just one event—Jerome Powell's

Paolo Greco 03:58 2025-08-25 UTC+2

Trading Recommendations and Trade Breakdown for EUR/USD on August 25. The Downward Correction is Over

For most of Friday, the EUR/USD pair continued to drift slowly downward, but closer to the evening, as Jerome Powell began his speech at the Jackson Hole symposium, the market

Paolo Greco 03:58 2025-08-25 UTC+2

How to Trade the GBP/USD Pair on August 22? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair continued a mild downward movement, supported by two descending trendlines. The downward correction in the pound looks

Paolo Greco 06:45 2025-08-22 UTC+2

How to Trade the EUR/USD Pair on August 22? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD pair continued a very weak downward move, which looks more like a flat than a trend. We have

Paolo Greco 06:45 2025-08-22 UTC+2

Trading Recommendations and Trade Breakdown for GBP/USD on August 22: Correction Continues

On Thursday, the GBP/USD pair continued a weak downward move, which is corrective in nature. The British pound began to decline on August 14, a week ago. During this time

Paolo Greco 04:19 2025-08-22 UTC+2

Trading Recommendations and Trade Breakdown for EUR/USD on August 22. No Downtrend!

The EUR/USD pair spent most of Thursday trading in a "neither fish nor fowl" style. Yes, in the second half of the day, we finally saw something resembling a move

Paolo Greco 04:19 2025-08-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.