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Farooq

Technical Analysis – EURUSD _ 25-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 25-03-2019
25
Mar
Technical Analysis – EURUSD _ 25-03-2019

The pair fell strongly on Friday breaking the support area 1.1320 – 1.1300 to end the upside scenario which achieved its first target at 1.1405 … The stability of trading below the mentioned area and below the simple moving averages 50 and 100 on the four – hour framework in addition to the negative cross of Stochastic on the daily frame may be signals To the possibility of the price to support support 1.1245 as the first target and support 1.1185 as the second target.
Going back to the upside and breaching 1.1380 might end the downside and the pair could then target 1.1500 resistance.

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