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.
Created by Joshua Hayn