Intraday technical levels and trading recommendations for EUR/USD for March 21, 2014
March 21, 2014 12:45 pm
Daily Fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel.
Today, there is a minor reversal expressed at 1.3750 of the recent slide from 1.3965.
Four-Hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850.
Price Level 1.3850-1.3870 remains a significant supply zone (neckline of the 4H reversal pattern). It will probably provide a valid SELL entry at retesting. Stop Loss should be located above 1.3900.
On the other hand, failure to fixate above 1.3790 will expose the recent low 1.3748. A slide below which opens the way towards lower lows located at 1.3700 and 1.3660.
The material has been provided by InstaForex Company – www.instaforex.com
Daily Fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel.
Today, there is a minor reversal expressed at 1.3750 of the recent slide from 1.3965.
Four-Hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850.
Price Level 1.3850-1.3870 remains a significant supply zone (neckline of the 4H reversal pattern). It will probably provide a valid SELL entry at retesting. Stop Loss should be located above 1.3900.
On the other hand, failure to fixate above 1.3790 will expose the recent low 1.3748. A slide below which opens the way towards lower lows located at 1.3700 and 1.3660.
The material has been provided by InstaForex Company – www.instaforex.com
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