FX.co ★ EUR/USD analysis for March 23 2021 - Breakout of the upside channel and potential for the downside continuation towards 1.1835

US Q4 current account -$118.5B vs -$188.0B expected

US fourth quarter current accounts

• Q3 was -$196.1B (revised from $178.5B)

Further Development

Analyzing the current trading chart of EUR.USD, I found that sellers are in control today as I expected yesterday and that there is still more downside potential for test of 1,1835.

Key Levels:

Resistance: 1,1945

Support levels: 1,1835