FX.co - EUR/USD analysis for March 30, 2022 - Potential for downside movement

2022-03-30T12:48:21

Relevance until2022-03-31

Technical analysis:

EUR/USD analysis for March 30, 2022 - Potential for downside movement

EUR/USD has been trading upside in the background and the price tested the level of 1.1160. Anyway, I see potential for the downside movement.

Trading recommendation:

Due to the bear divergences in the momentum, I see potential for the downside rotation.

Watch for potential selling opportunities with the downside objective at 1.1073 and 1.1036.

Stochastic is showing bear divergence and potential for the downside rotation.

Resistance is set at the price of 1.1160

*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 30, 2022 - Potential for downside movement