Technical analysis of EUR/USD 09/03/2021
EUR/USD currency pair broke through the resistance of 1.1800 (23.6% Fib) and continued the upward correction on the daily timeframe. Now the quotes are in the resistance area of 1.1900 (38.2% Fib).
If the pair manages to gain above this level, it will be a signal to continue the pair’s growth to the key target of the correction level of 1.1965 (50% Fib) and (MA100).
Cancellation of the option to continue the upward correction will be the quotes decline below the minimum of 1.1663, what will indicate the development of the main downtrend on the daily timeframe.