Technical analysis of EUR USD 03/19/2018

The situation on the market develops in such a way that soon there will be a strong movement after the completion of the figure of the triangular correction.
The price shows a signal for bulls, (RSI) in the oversold zone. Analysis of current levels showed that the nearest resistance will be at 1.2350, and support at 1.2220.
Upcoming significant news affecting EURUSD: ECB’s Mersch Speaks; tomorrow’s German ZEW Economic Sentiment (Mar).
In addition, tomorrow there will be strong news on GBP.

EURUSD_STPH4

 

Created by Joshua Hayn

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