EURUSD Daily Analysis 3/15/20
EURUSD Short Idea
This pair is in the middle of what looks like a significant retracement and is currently holding at the daily 200ema and support level around 1.11500
From this level we are looking for two potential outcomes
Price action bounces swiftly from this level & the 200 ema, look to target significant resistance levels
Price action breaks support and begins pushing lower. Target significant support levels
We will remain in the waiting phase as this plays out. Look for price action to bounce or break and enter on lower time frame confirmations.
This pair is in the middle of what looks like a significant retracement and is currently holding at the daily 200ema and support level around 1.11500
From this level we are looking for two potential outcomes
Price action bounces swiftly from this level & the 200 ema, look to target significant resistance levels
Price action breaks support and begins pushing lower. Target significant support levels
We will remain in the waiting phase as this plays out. Look for price action to bounce or break and enter on lower time frame confirmations.
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