Technical analysis of EUR/USD for 22.03.2019

Tags: 

The EUR/USD pair has broken above the technical resistance zone between the levels of 1.1406 - 1.1419, but reversed suddenly and tested the local technical support at the level of 1.1361 with a low at 1.1343. The momentum remains positive, but the market conditions are now overbought and if there is no impulsive move higher above the level of 1.1447, the bears might take the control over the market and push the prices lower again. The next technical support is seen at the level of 1.1294.

Technical analysis of EURUSD for 20.03.2019

Tags: 

EURUSD: pair caught on the balance line

Previous:
On Tuesday the 19th of March, trading on the euro closed up. If you ask me, it looks like the pair spent the day in a sideways trend. While the euro strengthened throughout the European session without any serious pullbacks, volatility was higher during the US session. Market participants are a bit shaky ahead of the upcoming Fed decision.

Technical analysis of EUR/USD for 20.03.2019

Tags: 

Not much has changed since yesterday when the EUR/USD pair has hit the technical resistance at the level of 1.1353. There is still no clear sign of a reversal, but the market is not going upwards in an entirely impulsive fashion either. The market conditions are now overbought and there is a bearish divergence forming in this time frame between the price and the momentum indicator. Please notice, that the recent move up from the level of 1.1176 is considered to be a corrective bounce in a downtrend, so the down move can resume any time now.

Technical analysis of EUR/USD for 19.03.2019

Tags: 

The EUR/USD pair has hit the technical resistance at the level of 1.1353, but there is no sign of a reversal yet. The market conditions are now overbought and there is a bearish divergence forming in this time frame between the price and the momentum indicator. Please notice, that the recent move up from the level of 1.1176 is considered to be a corrective bounce in a downtrend, so the down move can resume any time now.

Pages

Subscribe to Forex Daily Forecasts | Currency Exchange Rates | Forex Trading RSS