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FX.co ★ EUR/USD analysis for March 21, 2022 - Potential for the bigger rally

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Forex Analysis:::2022-03-21T12:41:05

EUR/USD analysis for March 21, 2022 - Potential for the bigger rally

Technical analysis:

EUR/USD analysis for March 21, 2022 - Potential for the bigger rally

EUR/USD has been trading sideways at the price of 1.1030 but I see potential upside continuation of the upside impulsive movement in the background.

Trading recommendation:

Due to strong upside impulsive movement in the background, I see potential for the upside continuation.

Watch for buying opportunities on the pullbacks with the upside objectives at the price of 1.1120 and 1.1270/

Key support is set at the price of 1.1100

Analyst InstaForex
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