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21.03.2023 09:37 AM
EUR/USD analysis for March 21, 2023 - Potential for the breakout of the full flag pattern

Technical analysis:

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EUR/USD has been trading in the sideways range at the price of 1.0715 but in the upside trending condiiton, which is a sign for potential upside continuation.

Due to the potential breakout of the tight bull flag pattern, I see potential for the upside continuation

Upside objective is set at the price of 1.0755

Stochastic Oscillator is showing fresh bull cross on hourly time-frame, which can be a good sign for the further bullish continuation.

Key support is set at the price of 1.0690

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