EURUSD Technical Analysis And Trade Idea 03-23-2018
Yesterday in the channel we have shared our short-term trade idea of EURUSD.
LONG: Above 1.23320
TARGETS: 1.23590 1.23740 1.23900
On the H4 Chart, we see the pair is trading in a descending channel and forming a triangle. It must break out the triangle to make a bigger move.
1.23660 is the first resistance. The real Bullish move may start by the breakout of 1.23990 resistance.
1.22980 is the main support. If the pair breaks below 1.22980 support, the target will be 1.22010. And1.22010 will be our LONG entry level.
As mentioned in the Midterm Forecast, EURUSD is trading in No Man’s Land.
Hope our current LONG trade reaches the targets.
Today is Friday. Low Volume High Volatility.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.