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Farooq

Technical Analysis – EURUSD _ 12-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 12-03-2019
12
Mar
Technical Analysis – EURUSD _ 12-03-2019

The EUR is trading higher after finding support from the 1.1185 level of 61.8% Fibonacci of the wave which started from the bottom of 01/01/2017 and ended at the top of 10/02/2018 … A daily close below the mentioned level could push the EUR further bearish towards 1.1100 As the first target and then psychological level 1.1000 as the second target.
The continuation of the rally and the breach of the 1.1290 resistance may push the price to test the bearish trend line shown on the chart at least around 1.1380.


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