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Farooq

Technical Analysis – EURUSD _ 21-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 21-03-2019
21
Mar
Technical Analysis – EURUSD _ 21-03-2019

The pair rallied strongly to reach its first target at 1.1400 yesterday, ending the bearish trend line shown on the 4 hour chart, which may push it towards further upside towards the second target around 1.1500 resistance … The bullish momentum is sufficient due to the overbought condition appearing on the Stochastic and RSI indicators.
Going back below 1.1300 might be enough to end the upside scenario and the downside could then continue to test support at least 1.1180.


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