EUR/USD Price Analysis: Below 1.0960, the pair could test 1.0900

Market news

23 March 2022

EUR/USD Price Analysis: Below 1.0960, the pair could test 1.0900

EUR/USD fades Tuesday’s gains and refocuses on the downside.
A drop to 1.0900 looks increasingly likely near term.

EUR/USD flirts with the weekly low around 1.0900 amidst the offered stance in the risk complex.

Extra weakness is expected to meet the next support at the weekly low at 1.0960 (March 22), while a breach of it should expose a potential retracement to another weekly low at 1.0900 (March 14).

The medium-term negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1514.

EUR/USD daily chart

Schedule for tomorrow, Thursday, March 24, 2022

Commodities. Daily history for Tuesday, March 22, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.