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EURUSD






3/29/2017 4:39:10 AM

EURUSD - Technical Analysis: Wednesday, 29/03/2017 08:39 GMT



The EURUSD pair fell under strong negative pressure yesterday to settle at the ascending channel's support line that carries the price since the beginning of this month, and the price moves below the neckline of the double bottom pattern at 1.0829, but we will depend on the consolidation above 1.0810 to continue expecting the bullish trend in the coming period, waiting to head towards 1.0970 as a next target.

Carefully note that breaking 1.0810 will push the price to start intraday bearish correction for the rise that started from 1.0493 areas and reached the recent top at 1.0906.


Target
Risk


Support
Resistance


Trend Bullish

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