EURUSD breaks the support – Analysis - 21-03-2018
Economies.com
2018-03-21 04:55AM UTC
The EURUSD pair shows mixed trades recently, as it traded with strong negativity yesterday to break 1.2304 level and closes the daily candlestick below it, which puts the price within the correctional bearish track again, on its way for a potential visit to 1.2160 level as a next main station.
Therefore, the bearish trend will be expected for the upcoming period unless the price rallied to breach 1.2304 followed by 1.2380 levels and hold above them, as breaching the last level will push the price to regain its main bullish track that its first target located at 1.2536.
Expected trading range for today is between 1.2160 support and 1.2340 resistance.
Expected trend for today: Bearish
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