Technical alert: EURUSD

11:33 AM March 30, 2020

EURUSD is pulling back today. The pair is heading for the key moving average, which acted as a key support in the past. Bouncing off the blue line may launch another upward impulse. Should a break below the 100-period moving average occur, downward move may accelerate. In such a scenario, the 38.2% Fibonacci retracement would be the first support to watch. The 1.0950 handle is also being strengthened by recent lows. 

EURUSD M30 interval. Source: xStation5


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