FX.co - EUR/USD analysis for March 17, 2023 - Tetst-jrect of the key resistance at 1.0670

2023-03-17T08:31:44

Relevance until2023-03-18

Technical analysis:

EUR/USD analysis for March 17, 2023 - Tetst-jrect of the key resistance at 1.0670

EUR/USD has been trading upside this morning and I see key resistance level at the price of 1.0670 is on the test.

Due to the test and rejection of the key Fibonacci resistance at 1.0670, I see potential downside movement today towards lower references.

Downside objectives are set at 1.0622 and 1.0550

Stochastic oscillator is showing fresh downside cross, which is another good sign for the further downside movement.

Key resistance is set at the price of 1.0670

*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 17, 2023 - Tetst-jrect of the key resistance at 1.0670