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FX.co ★ EUR/USD analysis for March 09, 2022 - Upside breakout of the important pivot

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Forex Analysis:::2022-03-09T12:04:52

EUR/USD analysis for March 09, 2022 - Upside breakout of the important pivot

Technical analysis:

EUR/USD analysis for March 09, 2022 - Upside breakout of the important pivot

EUR/USD has been trading upside this morning and I found the breakout of the cluster resistance at 1,0945. I see further upside movement today.

Trading recommendation:

Due to strong upside momentum and breakout of resistance his morning, I see potential for further bullish continuation.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at 1,1016 and 1,1060.

There is rising trend-line in the background successful rejection, which is another sign that buyers are in control.

Key support at the price of 1,0850

Analyst InstaForex
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