Mar
21

EUR/USD D1 Technical March 21

 

Under 1.3000 level EUR/USD remain under pressure. We are expecting pair to move south and target its strong support at 1.2799 level. But price action on 1.3000 level should be carefully watch. A trendine is also held there. So if price reached to 1.3000 level and H4 candle close below 1.3000 level that it will provide pair bearish strength and pair will then move towards south. On the contrary, breakthrough of trend line will take EUR further upward and target 1.3070 level.

High impact Data’s can change the scenario of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

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