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3/23/2016 3:12:27 AM

EURUSD exhausts its positive chances - Technical Analysis - 23-03-2016



EURUSD fell in the intraday levels, as the pair tries to correct the upward short-term trend, while trading within an ascending price channel that limited its previous movements, with relative power indicators reaching extremely oversold levels compared to the pair's upward movements, while nearing a leaning on the SMA50, as it nears also the support of the price channel.

Therefore we reaffirm our positive outlook for the pair, provided it settles first above the level of 1.1215, targeting the pivotal resistance of 1.1377.


Target
Risk


Support
Resistance


Trend Bullish

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