empty
 
 
10.03.2022 02:32 AM
Trading plan for EURUSD for March 10, 2022

This image is no longer relevant

Technical outlook:

EURUSD has rallied through 1.1100 levels late in the New York Session on Wednesday. The single currency pair is pulling back a bit and trading through 1.1050 mark at this point in writing. Bulls remain poised to push through yet another high towards 1.1165 mark in the near term. They should hold prices above 1.0800 low to keep the bullish scenario intact.

EURUSD has now completed its Morning Star candlestick pattern on the daily chart as seen here. Please note that the recent bounce has come from its weekly trend line support connecting 1.0300 and 1.0630 levels, which is not shown here. The bullish reversal is hence quite significant and potential remains for a push through 1.1500 in the near term.

EURUSD has also found support just below the Fibonacci 0.786 retracement of the entire rally between 1.0636 and 1.2350 levels. Bulls will be inclined to remain in control from here on and target 1.1200 mark in the immediate future. We can expect a meaningful pullback or retracement thereafter.

Trading plan:

Potential rally towards 1.1500 against 1.0800

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback