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

Share:
Back

Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits

×