Technical Analysis : EUR/USD 12 March 2020

Forex Technical Analysis : EURUSD

Target Level 1.1251

Date : 12 March 2020

Support Line (A) : 1.1251 – TP of Falling Wedge

Resistance Line (B) : 1.1332 – TP of Falling Wedge

Target Period : 19 hours

Interval : 1 hour

Pattern : Falling Wedge

Length : 60 Candles

Detail : Falling Wedge identified at 12-Mar-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1251 within the next 19 hours. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.