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FX.co ★ EUR/USD analysis for 03.04.2020 - Upward target reached at the price of 1.1200 but downside rotation is active and selling opportuntiies are preferable

EUR/USD analysis for 03.04.2020 - Upward target reached at the price of 1.1200 but downside rotation is active and selling opportuntiies are preferable

Technical analysis:

EUR/USD analysis for 03.04.2020 - Upward target reached at the price of 1.1200 but downside rotation is active and selling opportuntiies are preferable

EUR/USD has been trading upwards The price tested and rejected from our yesterday's target at 1.1185. I see potential for the downside movement and I expect bearish movement towards the level at 1.0965 (Pitchfork median line).

Watch for selling opportunities using the intraday frames 15/30 minutes...

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Stochastic oscillator is on the overbought zone and it is showing the bearish divergecence, which is good confirmation for the further drop.

Support levels are set at hte price of 1.1093 amd 1.0962

Resistance level is set at the price of 1.1210

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