Technical Analysis : EUR/USD 16 March 2021

Forex Technical Analysis : EURUSD

Date : 16 March 2021

Pivot point : 1.1915

Our preference : long positions above 1.1915 with targets at 1.1940 & 1.1965 in extension.

Alternative scenario : below 1.1915 look for further downside with 1.1900 & 1.1885 as targets.

Comment : a support base at 1.1915 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1.1990 **
1.1965 *
1.1940
1.1933 – Last price
1.1915
1.1900 *
1.1885 **

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

Source : Trading Central

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