empty
 
 
31.03.2023 12:01 PM
Technical analysis on EURUSD for March 31st, 2023.

This image is no longer relevant

Blue lines- bullish channel

Black line- neckline support

EURUSD is trading around 1.0886. Price is under pressure today. Price has so far respected the key support neckline and cancelled the bearish Head and Shoulders pattern. At the same time price continues to trade inside the short-term upward sloping channel. As long as price remains inside the bullish channel, bulls remain in control of the trend. So far there has been no sign of a reversal. Upside potential for EURUSD is to make a new higher high above 1.1033. So far price is making higher highs and higher lows. Support is at 1.0714 and at 1.0615. As long as we trade above these two levels, bulls have nothing to fear.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback