EURUSD- 21Mar2022
On the weekly, price had a bounce last week after failing to confirm below the channel on the previous week. On the daily, EURUSD is facing bearish pressure from the 20EMA.
On the H4, price pulled back to strong support confluence area around 1.10010 with trendlines and 50MAs. If price action close below this area, we could expect EURUSD to pull back lower to 2nd Support at 1.09510.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price had a bounce last week after failing to confirm below the channel on the previous week. On the daily, EURUSD is facing bearish pressure from the 20EMA.
On the H4, price pulled back to strong support confluence area around 1.10010 with trendlines and 50MAs. If price action close below this area, we could expect EURUSD to pull back lower to 2nd Support at 1.09510.
This is for personal record purposes only, not financial advise or solicitation of trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.