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

2022-03-21T12:41:05

Relevance until2022-03-22

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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