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Farooq

Technical Analysis – EURUSD _ 07-03-2019

HomeTechnical AnalysisTechnical Analysis – EURUSD _ 07-03-2019
07
Mar
Technical Analysis – EURUSD _ 07-03-2019

The pair exceeded its first target at 1.1315 to return to test yesterday and to gather some bearish momentum … The possible downside scenario remains as long as the trading below the resistance 1.1365, and may be heading to the second target at 1.1275 support and then the bottom which is the middle of February around 1.1235 as the third target .

A breach of 1.1365 might be enough to end the downside scenario and the price could then rise to test the bearish trend line shown on the resistance chart at least 1.1410.


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