This is my technical analysis for the EURUSD. I am a bull on the USD and will look for sell opportunities on this pair this week.
News events with possible high volatility to be aware of for this week is:
– For United States: U.S. President Trump Speaks on Tuesday, Existing Home Sales (Feb) on Wednesday, Crude Oil Inventories on Wednesday, Fed Chair Yellen Speaks on Thursday, New Home Sales (Feb) on Thursday.
– For Euro zone: Seems to be no high volatility news for this week.

EURUSD - Daily

Market has converged, 21 is above 55 and is flat. Price (5 above 8) is bullish. Stochastic is overbought. Price is at the top of the range and Bears will look to sell at Resistance level, MR1/1.08. Bulls will wait for price to return to support levels, 1.065/MPP/1.06 and MM2/1.05 before buying.


Market (21 above 55) is Bullish. Price (8 above 5) is flat. Stochastic convergence, Stochastic is starting to turn to the upside indicating that there is not enough bears in the market to push the price all the way down to oversold. Market has opened the week at WM3 which is the Bear sell zone. Resistance levels where Bears will look to sell is at WM3/MR1 and 1.08/WR1. Support levels where Bulls will look to buy is at 21EMA, at WPP/1.07/MM3 and at WS1/MMP.

One thought on “EURUSD – Technical Analysis (20 March 2017)”

  1. Teboho Faro says:

    great trade plan

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