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EURUSD






3/23/2015 3:52:24 AM

EURUSD - Technical Analysis: Monday, 23/03/2015 07:52 GMT



The EURUSD pair’s recent positive attempts stopped below 1.1000 barrier, and the price remains valid the risk limit at 1.0885, to keep the general negative scenario valid until now, noting that breaching this level will complete drawing a double bottom pattern that will lead the price to stop the short term bearish trend.

MACD is negative, and stochastic approaches from the overbought levels, while the exponential moving average 50 attempts to form negative pressure to push the price to decline again.


Target
Risk


Support
Resistance


Trend Bearish

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