Midday update for the EURUSD 14-03-2023

Economies.com
2023-03-14 11:13AM UTC

The EURUSD pair fluctuates within tight range since morning, and stochastic continues to provide the negative signals on the four hours’ time frame, thus, the bearish trend scenario will remain valid for today, which targets 1.0620 followed by 1.0515 levels mainly.

 

We remind you that holding below 1.0745 is important to continue the expected decline, as breaching it will push the price to build bullish wave that its targets begin at 1.0800 and extend to 1.0925.

 

The expected trading range for today is between 1.0610 support and 1.0770 resistance.

 

The expected trend for today: Bearish

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