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EURUSD






3/28/2017 1:40:01 AM

EURUSD - Technical Analysis: Tuesday, 28/03/2017 05:40 GMT



The EURUSD pair succeeded to touch our waited target at 1.0900, moving inside ascending channel that carries the price since the beginning of this month, which indicates that the door is open to achieve more gains in the coming period, to extend the next target to 1.0970.

On the other hand, the breach of 1.0829 level completed forming double bottom pattern that we expect to lead the price to extend its gains on the short term and medium term basis towards 1.1200 areas, which keeps the bullish trend domination valid, conditioned by the price stability above 1.0800.


Target
Risk


Support
Resistance


Trend Bullish

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