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Farooq

Technical Analysis – EURUSD _ 20-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 20-03-2019
20
Mar
Technical Analysis – EURUSD _ 20-03-2019

The potential bullish scenario remains intact as long as the pair remains above 1.1230 to be the potential targets around the bearish trend line shown on the chart at 1.1400 as the first target, which could push the pair further towards resistance 1.1500 as a second target …
A return to the downside and a breach of 1.1230 support might be enough to derail the upside scenario. The downside move could then continue to test support at 1.1180, which breached a daily close that could push the EUR further down towards 1.1100 as the first target and then the psychological 1.1000 as the second target.

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