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Farooq

Technical Analysis – EURUSD _ 22-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 22-03-2019
22
Mar
Technical Analysis – EURUSD _ 22-03-2019

The pair started its morning trading session on the upside after making a bearish correction yesterday to test the breached downward trend line as shown on the chart … RSI is still within the bullish momentum and Stochastic is pointing to a positive cross within the oversold area. The price has gathered enough momentum, and it could be back towards its second target around 1.1500 resistance.
The upside remains valid as long as trading remains above 1.1300, and a breakout might be enough to end the upside scenario and the downside could continue to test support at least 1.1180

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