Technical Analysis : EUR/USD 16 March 2023

Forex Technical Analysis : EURUSD

Date : 16 March 2023

Pivot point : 1.0620

Our preference : short positions below 1.0620 with targets at 1.0565 & 1.0540 in extension.

Alternative scenario : above 1.0620 look for further upside with 1.0650 & 1.0680 as targets.

Comment : the upward potential is likely to be limited by the resistance at 1.0620.

Supports and resistances :

1.0680 **
1.0650 *
1.0620
1.0596 – Last price
1.0565
1.0540 *
1.0515 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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